By Admin 
Income tax return: Are you going to fill your income tax return (ITR), so this news is for you. This year, while filing ITR, there is a need to be more careful because the Income Tax Department has made rules more strict than before. Under this, if a taxpayer hides his income or claims tax exemption in a wrong way, does not give correct information about the income source, then it can be strong.
Jail can also be done with fine
The Income Tax Department has a strong system, which catch such disturbances. Whether the mistake is inadvertently or intentionally made, its income can be fined up to 200 tax payable and 24 percent interest can also have to be paid on it.
If the department comes to know that you have tried to cheat yourself, then in this situation it can be jail. The most important thing is that if you get CA or someone else file an ITR and if there is any lapse, then you will be considered responsible for this too.
These mistakes may be heavy while filing ITR
- Choosing wrong ITR form
- Claiming without any proof
- Not to know the extra income in the form of rent or interest
- Personal costs as a business expansion
- Fake hra claim
Be very careful with such mistakes because if the tax office comes to know that you were trying to cheat, then there will be no help by fixing or modifying the return later. You still have to pay a fine.
Also read:
Waiting for refund after filing ITR? Learn how many days money will come in the account