Important Things to Consider When Filing an ITR Between an NTR and an OTR

Taxpayers can lower their taxable income by taking advantage of various eligible expenses deductible under the Income Tax Act. By claiming these deductions, they can effectively reduce their tax liability, resulting in a lighter overall tax burden. Tax deductions are crucial for both businesses and individuals, helping them manage their finances and comply with tax laws. This article outlines essential points to consider when claiming deductions while filing income tax returns, covering both the New Tax Regime (NTR) and the Old Tax Regime (OTR). https://saginfotech.cabanova.com/blog/deductions-points-check-filing-itr-ntr-otr#wbb1

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