The Income Tax Department in June broadened the cut-off time for documenting IT returns for the monetary year 2020-21 because of the second rush of the COVID-19 pandemic. As indicated by the typical practice, the last date for singular citizens who record ITR-1 or ITR 4 for the past monetary year 2020-21 finished March 31 is generally July 31 consistently. Nonetheless, people would now be able to document government forms for money acquired in the monetary year 2020-21 till September 30 rather than July 31.
A few groups are under some unacceptable impression that our administration is extremely accommodating and thoughtful towards the farmer's local area and doesn't have any desire to force personal assessment on the rural pay of farmers. Notwithstanding, this is totally false. Had it been the aim of the public authority to give help to farmers by not exposing them to personal assessment, it might have been finished by fixing a limit for tax-exempt rural pay. On the off chance that some sort of pay is made totally tax-exempt with no breaking point, it plainly implies that the farmers are not the genuine recipients of this expense exception and there is a bigger intrigue for giving this exclusion of limitless sum, by arranging for the equivalent in the Income Tax Act.
On the off chance that you have Agricultural Income, you can in any case petition for ITR, anyway according to area 10(1), horticultural pay acquired by the citizen in India is absolved from charge. Agricultural pay is characterized under segment 2(1A) of the Income-charge Act. For those with an Agricultural Income charge, these 3 significant things will give a ton of lucidity.
According to area 2(1A), agrarian pay for the most part implies:
(a) Any lease or income got from land which is arranged in India and is utilized for horticultural purposes.
(b) Any pay got from such land by agribusiness tasks including handling of farming produce to deliver it fit for the market or offer of such produce.
(c) Any pay owing to a ranch house subject to fulfillment of specific conditions indicated in such manner in segment 2(1A).
Any pay got from saplings or seedlings filled in a nursery will be considered to be agrarian pay.
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