News & Media 20th Mar 2024
The income tax return (ITR) is a government document where you report your income, investments, and tax obligations. Filing Income Tax Returns (ITR) can often be a hectic task, but a necessary one as failure to do so may land you in legal trouble.
As the tax season approaches, many salaried individuals will be filing their ITRs while also wishing to reduce their income tax burden. However, due to lack of proper knowledge, doing so seems almost impossible. But what if I told you there are ways in which you can reduce your income tax burden.
Against this backdrop, Dipesh Jain, Partner, Economic Laws Practice (ELP) has been quoted in an article, “ITR filing 2023-24: 5 ways you can reduce your income tax burden” written by Sonu Vivek published in India Today .
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