The taxpayer is required to gather Form 16, Annual Information Statement, Form 26AS, Taxpayer Information Summary, interest certificates, and investment proof before beginning this process
Taxpayers must fill in details of allowances such as house rent that are exempt under section 10 of the I-Tax Act, and deductions that are available under section 16
It is expected that the government would announce changes in capital gain tax in the upcoming Budget. Here’s what the expectations from industry are.
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