Eligible taxpayers are required to report nine types of costs under the new Act. These are – personal and family maintenance costs, housing expenses, conveyance costs, utility bills, education costs, self-financed travel and leisure travel costs, festival expenses, details of tax at source, including savings certificates, and details of interest payments. Both formal and informal loans.
Eligible individuals who embark on pleasure trips, whether domestic or international, are required to include their travel expenses in their tax filings. All types of travel expenses, including short stays in resorts in the suburbs of the capital, should be reported to the Board of Revenue.