ITR mistakes: Five return-filing errors that could trigger income tax notices moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Flood-affected regions such as Delhi, Uttarakhand, Himachal Pradesh and even parts of Gujarat deserve an extension, but it is unlikely that others will get any leeway, say chartered accountants.
A more robust AIS will replace Form 26 AS. While the move is being regarded as a step in the right direction, some CAs and taxpayers complain taxes paid aren t reflected in the AIS.
ITR filing: Claiming tax deductions without proofs can backfire, warn CAs moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Many taxpayers pay rent to their parents to claim tax deduction benefits. But make sure that you actually pay rent to them, and save documents and rent receipts. You can claim tax breaks under section 80GG on rent paid if you are not eligible for HRA. If you are availing of exemption on house rent allowance by paying rent to parents, ensure that you have an agreement and rent receipts in place.