12 points to note before finalising tax returns

With just a few days left for the financial year to end, taxpayers will have to finalise their tax and get ready to file the same.The following is a checklist that can serve as a handy last minute reference.

1. The most important thing to do is to compile a list of the TDS you have paid. Such TDS operates like tax already paid i.e. from your final tax liability, you have to pay only such amount that is over and above the tax already deducted.

Text: A N Shanbhag

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Also See: File your Tax returns online