The choice of the appropriate ITR form primarily depends on your sources of income.
How to resolve Aadhaar-PAN link failure due to Name, DOB, Gender mismatch? The Income Tax Department has shared ways to resolve PAN-Aadhaar link failure due to demographic mismatch.
It is mandatory to disclose your foreign stocks, dividends received in the income tax returns
ITR filing: Income tax relief can be claimed on salary arrears, advance salary, family pension arrears, compensation on termination, etc
Income tax return filing: Any tax that is being incurred on the income received by the family on behalf of the deceased requires to be paid if it goes beyond the basic exemption limit. Check how it can be done.
Futures and Options (F&O) trading offers the opportunity to earn passive income, but it is important to understand the taxation rules and obligations associated with it. Income or loss from F&O trading needs to be reported in the Income Tax Return (ITR) as business income.
The tax authority has also capped at 40% the depreciation rate applicable for assets of individuals with business income, showed the Income-tax (Tenth Amendment) Rules, 2023.
But first check if your employer allows encashment of leaves.
PAN-Aadhaar Linking: Though the last date is June 30, you have to pay Rs 1,000 as a penalty to link the two key documents
It is advisable to file your ITR after all the TDS details have been accurately reported by the deductor and updated in Form 26AS
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