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Financial Literacy News: The Income Tax department has found many cases where the rent received doesn't match the House Rent Allowance (HRA) claimed by taxpayers. Because of this, many people have received notices through the 'e-verification' system on the department's compliance portal.
Individuals can get into trouble with the income tax department if his/her PAN has been used by someone else to claim fake HRA.
Last chance to file ITR: July 31, 2023, deadline approaching soon; report capital gains from mutual funds to avoid problems.
Cryptocurrency investors should report profits accurately to the tax department when filing an ITR to avoid problems.
Even if you don't have Form 16, there are several documents such as salary slips, Form 26As, AIS/TIS etc. that you can use as a reference to file your income tax return (ITR). Follow this 10-step guide to know how you can easily your ITR without having your Form 16 from your employer(s).