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Seven necessary steps to follow while filing your Income Tax Return

Updated : July 23, 2018 04:20 PM IST

Form 16 is the certificate issued by your employer which gives details of the salary paid to you and TDS (tax deducted at source) deducted on this salary and deposited on your behalf with the tax authorities.
The profits/gains got by selling shares/mutual funds within a year are called short-term capital gains. In case of debt funds, short-term capital gains are within 3 years or less.
The new standard deduction of Rs 40,000 a year on salary income is not applicable for FY 2017-18 (AY 2018-19).
Seven necessary steps to follow while filing your Income Tax Return

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