The Income Tax department does not want too many papers as proof of investments made or expenses incurred. But it is always better to file them now.
So please rush! Here are ten things to do before March 31, 2008 or before the financial ends:
1. If you are claiming deduction for house rent allowance on account of actual rent paid, collect the rent receipts from the owner and keep them in your possession.
2. If you received any gifts during the year, please collect the gift deeds. The deeds should clearly state that you received the gift without any consideration.
Text: Outlook Money
Image: Teddy bears emblazoned for sale in a gift shop in Brussels, Germany.
Photograph: Mark Renders/Isopress/Getty Images
Also read: How the Budget affects the Sensex
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