critical reasons why salaried people in India can get

5

NOTICES IN 2023-24

INCOME TAX

Not reporting all income.

This is the most common reason why salaried people get income tax notices.

Claiming incorrect deductions.

Not filing returns on time.

Not paying taxes on time.

Even if you file your return on time, you are still required to pay your taxes on time

Filing wrong returns.

If you make a mistake when filing your income tax return, the tax department may issue you a notice. This could result in you having to amend your return, pay additional taxes, penalties, and interest.

Here are some additional tips to help you avoid getting an income tax notice:

Keep good records of your income and expenses. Make sure you understand the tax laws. File your return on time and pay your taxes on time. Get help from a Chartered Accountant if you need it.