• SENSEX
    NIFTY 50
Personal Finance

Do not miss including these five incomes while filing your income tax returns

Updated : July 19, 2018 09:54 PM IST

Though interest on saving account is eligible for tax deduction under Section 80TTA up to Rs 10,000 and even if the amount of interest on saving bank account is less than Rs 10,000 you are still required to first include it in your income and then claim deduction u/s 80 TTA.
Any switching of units from one scheme to another scheme of the same fund house does not get reflected in your bank statement and thus any profit or loss made on such switching may get unreported.
Income earned by a minor child is to be clubbed with the income of the parent whose income is higher.
Do not miss including these five incomes while filing your income tax returns

You May Also Like

Live TV
Advertisement