ITR filing online on Income Tax Portal: As the July 31, 2023 deadline for filing Income Tax Return for AY 2023-24 approaches, take note of some tax deductions and exemptions that you can claim. From Section 80C, Section 80D to Section 80TTA and other not so common, but important tax exemptions and deductions this video has a comprehensive list. In this week’s TOI Wallet Talks episode, Parizad Sirwalla, Partner and Head, Global Mobility Services, Tax, KPMG in India explains it all. Watch this spa

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Made losses in trading? Here is how you can use them to save tax! 😀 By filing your ITR, you can set-off trading losses against profits and reduce your taxable income. If not used in the same year, some losses can even be carried forward for up to 4- 8 years. Here’s how it works 👇 🔹 F&O Loss (Non-speculative): Can be set-off against Incomes other than salary, Certain Special rate Income (eg- VDA, gaming income, etc). Carry forward up to 8 years. 🔹 Intraday Loss (Speculative): Can be set-off o