Thursday, July 4, 2024

ITR filing FY23-24: Want to reduce tax outgo? Know which deductions you can claim in old and new tax regime

Income tax return: While filing ITR you can claim certain tax deductions to reduce your total income tax outgo and increase the tax refund amount. According to CA Shreya Jaisal, "You can still claim additional deductions in your ITR even if they are not appearing in your Form 16, provided you have legitimate proof for it."

from Tax-Wealth-Economic Times https://ift.tt/AvHSdM7

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