INACCURATE RETURN CALCULATION CAN INCREASE TAX LIABILITY
These are the last days of filing income tax return. Earlier you just handed over your Form 16 to your Chartered Accountant or TRP to file your return but now efiling is compulsory for people having annual salary of more than Rs 10 Lakh.,
Generally, returns filed electronically would have all the information mandatory to be filled in. The ITR would be considered inaccurate if certain details mentioned in return are wrong or certain details are missing altogether.
-COMMON MISSES: The most common detail which tax payers forget to mention is the interest income from FDs. The second most important […] Read more