ITR Filing: The deadline for filing income tax returns (ITR) for FY 2022-23 (AY 2023-24) is right around the corner. This year, taxpayers can pick between the new tax regime, which offers a lower rate of taxation, and the old tax regime, which has scope for more deductions. Those citizes who have opted for the old tax regimes should take advantage of the five deductions listed in this article., Markets News, Times Now
The Income Tax department is sending notices to taxpayers and documents related to tax exemption claims are being sought from them. These notices pertain to fake house rent receipts, hiring of helpers to perform official duties and interest paid on home loans for the assessment year 2022-23. , Personal Finance News, Times Now