Since only individuals can use ITR 1 by implications it is clear that an HUFs cannot use ITR 1 even if it otherwise satisfies all other conditions
The Deptt requests taxpayers to respond online quickly, so that ITRs in such cases of AY 20-21 can be processed expeditiously, said Income Tax Department in a tweet
The deadlines were extended by CBDT after taxpayers and other stakeholders raised complains about facing difficulties in electronic filing.
Income Tax Return Filing Alert: Reports suggest that around 4 lakh ITR returns are being filed per day for the past four days.
GSTN has asked taxpayers who have not filed their pending GSTR-3B, especially from period November 2020 and afterwards, to do so at the earliest
Experts called the development unprecedented and attributed it to a possible glitch in the new I-T portal
If the UCC is ultimately implemented, the concept of HUF will have to be given a go-by.
ITR Deadline Extension: The development came after income tax payers had faced multiple glitches while filing the yearly return via new income tax website www.incometax.gov.in
Finance Ministry has summoned Infosys CEO Salil Parekh to explain why the income tax e-filing portal is still experiencing glitches 2.5 months after its launch
Since only individuals can use ITR 1 by implications it is clear that an HUFs cannot use ITR 1 even if it otherwise satisfies all other conditions
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