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Income Tax Notice: Do not do these 5 mistakes in ITR filing.. difficulties will come..!

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How To Check Income Tax Notice Online: Small mistakes made during income tax filing can cost you dearly. If you file ITR without following the rules, you will also get notices from the Income Tax Department. Therefore, experts suggest that taxpayers should be very careful while filing ITR. If the correct information is not provided, they are warned that they will have to receive notices from the Income Tax Department immediately. Taxpayers should give complete details of their income while filling the ITR application. The IT department will issue a notice on any one of these 5 major mistakes.

==> In ITR form…

You may have to face income tax notice for giving wrong information in ITR form. If you make any mistake while filing ITR.. inform Income Tax Department. The tax department will ask you to make accurate disclosures of your assets and income. If even by mistake the correct information is not given in the ITR, then there is a possibility of getting a notice.

 

==> If you forget to file ITR..

Even if you do not file ITR, you will continue to receive notices from the Income Tax Department. Authorities suggest that if your income is more than the income tax limit, then you must file ITR.

 

==> If you have filed TDS in return.. you will get notices if there is any difference in payment. Always check first how much TDS will be deducted.

==> You have to show the income of any financial year in the ITR of the same year. Many people do not give information about interest received on accounts, FDs, recurring deposits in ITR. Take the statement of interest received from your bank and file it in ITR.

 

==> If you have large financial transactions..or large cash deposits in your account, you may receive notices from the Income Tax Department. For example, if your income is Rs 5 lakh per annum, then if you deposit Rs 12 lakh in your account in a year, Income Tax will send notice.