Income Tax: Invest before March 31 in these tax saving instruments to avail exemption

Income Tax: Invest before March 31 in these tax saving instruments to avail exemption

If you want to save income tax for the investments made in this financial year (2023-24), do not forget to invest before March 31 this year. With only a few days remaining in this financial year, taxpayers are urged to invest as soon as they can. Meanwhile, RBI has told all agency banks dealing with … Read more

ITR: What is Annual Information Statement? Where to access for making corrections

ITR: What is Annual Information Statement? Where to access for making corrections

The Income Tax Department Monday said it is in the process of issuing notice to taxpayers about ‘mismatch’ between the information filed in the Income Tax Return (ITR) vis-a-vis information of specified financial transactions, as available with the department, for the assessment year 2021-22 (FY 2020-21). The tax department urged taxpayers to access their Annual … Read more