Understanding Form 12BAA: A Guide to Simplifying TDS and Managing Additional Income

CA Aditya , Last updated: 21 October 2024  
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Introduction The CBDT has introduced Form 12BAA, which allows employees to declare any extra income they earn besides their salary. Why does this matter? It helps ensure that the TDS (Tax Deducted at Source) is calculated correctly, so you don't end up paying more tax than you should. Let's break

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Published by

CA Aditya
(Chartered Accountant)
Category Income Tax   Report

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