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Misreporting business expenses in Income Tax Return (ITR) filing can lead to hefty penalties and legal troubles. Whether intentional or...

Section 143(1) notices are formal communications issued by the Income Tax Department as part of the initial processing of your Income...

Section 143(3) scrutiny assessment plays a crucial role in the Indian tax system’s framework designed to uphold transparency and...

Sections 80C and 80D of the Income Tax Act provide significant avenues to reduce taxable income by claiming deductions for specific...

A Section 143(2) notice signifies a scrutiny assessment by the Income Tax Department, usually due to discrepancies or inconsistencies in...

Filing an accurate Income Tax Return (ITR) is essential to avoid penalties, interest, and scrutiny notices from the Income Tax...

Section 142(1) scrutiny notices are formal communications issued by the Income Tax Department when discrepancies, inconsistencies, or...

Tax authorities monitor capital gains reporting closely to ensure accurate tax compliance. When discrepancies arise between the...

To avoid paying income taxes, people sometimes underreport their income or fail to disclose it accurately. The income tax department...

Correctly reporting your income during the ITR filing process is crucial for avoiding scrutiny notices under Section 143(2) of the Income...