Every time a person files an Income Tax Return, an acknowledgement is generated. This acknowledgement is known as ITR-V. This means Income Tax Return Verification Form. Once the return is filed, it has to be verified either through Adhaar Based OTP or through net banking.
In today’s times, getting a higher education has become a point of concern where the fees for such education are touching the sky. As they say, the only thing costlier than education is ignorance.
Central Board of Direct Taxes announces an open window for one time to complete verification of ITRs filed electronically in the past years but is pending for verification.
It is always advised to everyone that better be safe than worry. It applies not just for health but also financial requirements for health. Thus, health insurance, popularly known as medical insurance is an important and mandatory investment in your investment portfolio. To encourage this investment, government provides tax benefits in the form of deduction of the investment made in medical insurance. This tax benefit is over and above of the investments stated under Section 80C/CC/CCD and is claimed under section 80D.
