Who Must File Their ITR by August 31?

Description

India’s tax calendar looks different this year. While most salaried taxpayers wrapped up their returns by July 31, taxpayers with certain business or professional income have until August 31. But who exactly qualifies? What happens if you earn a salary alongside income from F&O trading, consulting, freelancing or content creation? Which ITR should you file, and how is F&O turnover calculated? In this episode of The Morning Brief, ET Wealth’s Preeti K talks to with Aarti Raote, Partner, Deloitte about ITR-3 versus ITR-4, presumptive taxation, reconciling AIS and brokerage statements, and the expensive mistakes taxpayers should avoid before the deadline. Listen in.See omnystudio.com/listener for privacy information.