Time Limitation for Income Tax-Related Documents Retention
Income tax return documents generally include rent receipts, rental agreement, section 80C tax saving, and other related documents.
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Income tax return documents generally include rent receipts, rental agreement, section 80C tax saving, and other related documents.
If you made a mistake while filing ITR for AY 2024-25 (FY 2023-24), now, there is an option to revise the return. The revised return will take the place of the original return and will be considered as furnished on the date of return that was filed previously. A revised income tax return can be […]
The ITR-2 is filed by the individuals or HUFs not having income from profit or gains of business or profession and to whom ITR-1 is not applicable. It includes income from capital gains, firm partnership, foreign income or any agricultural income of more than Rs 5,000.
To understand the key tax benefits on a home loan, we are bifurcating the repayment techniques into four major elements- tax benefits on principal repaid, tax benefits on interest paid, deduction on pre-construction interest, and section 80EE income tax benefits. The next section will let you know the concept in detail. Tax Benefits on Principal […]