There is good news for people doing jobs. Now they will not have difficulty in filing income tax returns. Digital form will make his work quite easy. Actually, Form 16 is necessary to file returns of people doing jobs. It contains information like salary income, TDS and dicks. Now the employees are going to release their employees to digital form 16. Let’s know about this in detail.
Traices directly generated from traces
Digital Form 16 straight Traces The portal is generated. This is the electronic version of the traditional form 16. Trade is a portal of income tax, which is quite reliable. This means that Digital Form 16 (Digital Form 16) The data of salary income, TDS and Didctions will be completely correct and reliable. The data included in the traditional form 16 had to match Form 26AS and AIS.
Data in the form will be filled as soon as you upload
Now people working can easily file ITR. They have to go to the return filing website of the Income Tax Department. Then, you have to choose the right ITR form for yourself. All the information will come in the ITR form itself as soon as they upload the digital form 16. These will include information like Salary Income, TDS and Didctions.
There will be no mistake in tax calculation
Calculation of tax from digital form 16 will also be easily done. This will save a lot of time in the return filing. Processing of returns will also be done soon. This will not take much time to get refund. The last date for filing income tax returns is usually 31 July. Many times it increases this date when needed. During Kovid, he had increased the deadline to file returns. After this date, the return of the return is imposed on penalty and tax.
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Password protected from being protected
There is also no fear of misuse of Digital Form 16. The reason for this is that this password is protected. A standard format is used for its password. This keeps your financial data safe. The second advantage is that its use is also beneficial in terms of environment. The document is digital, there is no need to print it. This reduces the use of paper.