Income tax filing: Last minute mistakes to avoid and details to check when filing your income tax returns

Income tax filing: Last minute mistakes to avoid and details to check when filing your income tax returns

Filing your taxes at the last-minute could lead you to miss out on disclosing some transactions or failing to gather all the required documents on time. For instance, if you invest in cryptocurrency, you have to disclose those transactions scrip-wise.  Karan Batra, founder of Charteredclub.com, said crypto exchanges don’t have a standard format for statements, … Read more

Allow tax deduction for health insurance in the new regime, says ICAI chief

Allow tax deduction for health insurance in the new regime, says ICAI chief

Taxpayers are expecting stab-rate changes and higher deductions in the old tax regime ahead of the 31 July deadline for filing income tax returns, but Ranjeet Kumar Agarwal, president of the Institute of Chartered Accountants of India believes the old tax regime could be discontinued in phases. While he is not in favour of offering … Read more