How to file ITR for FY23-24: Claim deductions, exemptions carefully while filing income tax return or you may end up in jail

Honesty may be the best policy, but not when it comes to taxes. An online survey conducted by ET Wealth last week shows that an overwhelming majority of taxpayers are willing to be a little dishonest to reduce their tax burden. They are open to some dubious tactic or the other, including submitting fake bills, … Read more

Income tax return (ITR) filing 2024: How to show accrued interest on bank fixed deposits (FDs)?

The interest certificate received from the bank for Fixed deposits indicates interest in two categories for the Financial Year 2023-24. Interest credited to the savings account during F. Y. 2023-24 and Accrued interest on FD but not credited to savings account since FD is not matured in a subject financial year. Till last year F. … Read more