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Not disclosing other taxable income

Updated: Sep 29, 2019

Generally, taxpayers only consider their Form 16 and file the returns without taking into consideration the following illustrative list of income

  • Interest on Bank Fixed Deposit.

  • Interest on Savings Account.

  • Dividend Income from Mutual Funds.

  • Rental Income if any property owned.

  • Sale or exchange of assets such as Jewelry or another precious article.4



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