CBDT mandates new disclosures for tax-free gains on govt securities
The Central Board of Direct Taxes has introduced new disclosure requirements for taxpayers claiming exemptions. Taxpayers will need to provide detailed information on government securities to qualify for these exemptions. Newly inserted Form 173A will require specific data, including securities value and interest earned. Taxpayers are asked to confirm the accuracy of the information they submit.…
We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.
