As soon we hear words “Income Tax Notice”, an air of fear & reluctance surrounds our mind. No one likes to receive income tax demand notice from the department, let alone replying to one. As the wise one’s said “precaution is better than cure”, hence we bring 7 reasons which could bring you income tax notice.Reason 1: Mismatch in TDSWe all are well aware of the concept of tax deduction or commonly referred as TDS. And how using income tax form 16, we claim credit of TDS. Many times, inSEE DETAILS

What is revised return?How to file revised return?If you are here on this page then you’ve must have made some mistakes while filing incometax return, therefore asking Google Baba either of the above queries.As now you are scared that what the Income Tax Department will do! Relax, you don’t have to worry about anything coz of magical Sec 139 (5) of Income Tax Act, 1961.What is Sec 139(5) ?Section 139(5) of the income tax act provides an assessee with a chance to revise his/her return. For e.g. if you haveSEE DETAILS

Are you about to file your Income Tax Return? Then make sure you do it properly because many first time taxpayers commit very common mistakes in filing Income Tax Return.Improper efiling of income tax return can bring troubles in the form of penalty & notices from the income tax department.Hence to help & guide you, we bring a list of common mistakes in filing income tax return. And one more thing, it is our secret list, do not share it with anyone. Wrong ITR Form FiledThis is one the most commonSEE DETAILS