Savings on tax is a crucial aspect of personal finance of every household. Of the multitudinous taxes on the common man, one of them, a major one, which burns a hole in the pocket, is the Income Tax. If you earn more than Rs.2.5 Lakhs per annul, then you are in the income tax net.
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You have paid all your taxes. You have filled your Income Tax returns diligently. Even then you get an Income Tax notice?! Before you foul cry, let us look at some reasons as to why you must’ve been on their list. Incorrect details in the Income Tax Return-: You should fill your income tax return