bekifaayati on Instagram: "Form 12BAA is a new form introduced by the CBDT to enhance the disclosure of other income sources and tax deducted/collected on the same to employers. It allows employees to report deductions made from various sources of income other than their salaries, such as earnings from fixed deposits, insurance commissions, dividends from equity investments, and taxes collected during significant purchases. It potentially reduces the overall tax deducted and increases the take-h