Hersโs an interesting article from ET which highlights the 10 common mistakes that can fetch you a tax notice. They are as follows:
- Not reporting interest income.
- Ignoring income of old job.
- Not filing tax returns.
- Tax sops on house sold before 5 years.
- Misusing forms 15G, 15H to avoid TDS.
- Not deducting TDS when buying property.
- Not reporting foreign assets.
- Disregarding clubbing provisions.
- Not reporting tax-free income.
- Spending, investing beyond means.
Follow this link to read the full article: 10 Common Mistakes That Can Fetch You A Tax Notice