INCOME TAX RETURN FILING FOR AY 2019-20: AVOID THESE FIVE BLUNDERS TO SAVE MORE MONEY IN NEW YEAR
Income Tax Return filing for AY 2019-20: The Income Tax law provides several tax exemption options. As only a few months are left for filing Income tax returns, it is time for making a count of those exemptions. While looking out for such options, it is important not to fall for transactions that may actually force you to bleed money. Income-tax is to be paid by every person. The term 'person' includes Individual, Hindu Undivided Families [HUFs], Association of Persons [AOPs], Body of individuals [BOIs], Firms, LLPs, Companies, Local authority and any artificial juridical person not covered under any of the above.
Here's a look at five cash transactions that don't qualify for Income taxexemptions:
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