Claiming LTA,HRA,Home Loans Exemption-New Declaration Form 12BB released
In a recent amendment,the Income tax department has tightened the procedure for claiming tax exemptions and deductions by the salaried class. It was a common practice of employees to provide fake receipts to the employers for claiming various exemptions like LTA,LTC and HRA etc. But,now CBDT has announced a new standard form 12 BB for the … Read more