Due to 5 reasons people come in the eyes of Income Tax, then scrutiny starts, old records are searched

During this, the Income Tax Department can also send you notices under different sections. There are 2 types of scrutiny process. The first is manual and the second is compulsory. The first type of scrutiny can be saved by taking care of some things. Often people make 5 such mistakes due to which their ITR form comes on the radar.

During this, the Income Tax Department can also send you notices under different sections. There are 2 types of scrutiny process. The first is manual and the second is compulsory. The first type of scrutiny can be saved by taking care of some things. Often people make 5 such mistakes due to which their ITR form comes on the radar.

Non-filing of ITR- Sometimes the department sends notice to you even for non-filing of ITR. If your income is above the accepted limit then it is necessary for you to fill ITR. If you are an Indian citizen but you have any foreign asset, you still have to file ITR irrespective of the income earned from it. The way to avoid this is to file ITR.

Mistake in TDS – If there is a difference in TDS paid by you in the return and the place where it is filled, then you will get a notice. For this always first make sure that how much TDS was actually deducted and only then put it in the return.

Undisclosed Income– Whatever you are earning in a financial year must be declared in ITR. Many times people hide the interest they get on savings account, fixed deposit and recurring deposit. Ask for the statement of interest from your bank and put it in ITR. Mention the income received from any other source in it.

Mistake in ITR return– Many times people fill wrong ITR by mistake or by ignorance. Sometimes important information is left out. If this happens, the Income Tax Department can send a notice. To avoid this, you can get ITR filled by a professional.

High Value Transaction– Any such transaction which is somewhat unusual or a transaction of a very large amount has happened, even then you can get a notice from the Income Tax Department. If a person’s annual income is 5 lakhs, but he has put 12 lakh rupees in the account in a year, then the Income Tax Department can come into action. Here also it is necessary that you give the details of your every income to the government.