A tax declaration is a document that declares your income and deductions to the government. It is used to calculate your tax liability, and it’s important that you file it on time to avoid penalties and fines.

A taxpayer’s primary source of income is salary, and it is important that you keep track of your taxable earnings throughout the year. However, there are other sources of income that you need to consider, such as capital gains, rental income, and interest on investments. All of these forms of income are taxable, and you must report them in your tax declaration.

Salaried employees need to submit Form 12BB to their employers at the end of each financial year. This helps in claiming taxes on expenses and investments. It also helps in reducing the tax deducted at source (TDS) from their salaries.

The Form 12BB is used by individuals who earn a salary from a company or an endeavour, including business owners, physicians, designers, contractors, etc. It is also used by self-employed individuals who earn a living from various endeavors, or by those who make money through the sale of property or assets. It is not used by those who work in nations other than India, or those who have multiple residential properties.

It is important that you file your tax declaration correctly, and with all the necessary documents to ensure that you are getting your maximum refund. The best way to do this is by maintaining accurate records and documents like bank statements, investment proofs, and expense receipts. Keeping a record of all your transactions will help you avoid any issues when filing your declaration.    Steuererkl盲rung