Will a ₹10,000 income discrepancy in your ITR result in a tax notice?
Even a small difference of ₹10,000 when filing tax returns might look minor, but it can still result in an Income Tax notice, Livemint reported, citing CA Ruchika Bhagat. Bhagat mentioned that taxpayers need to report their taxable income precisely and match their returns with details in the Annual Information Statement, Taxpayer Information Summary, and Form 26AS. Any discrepancy could result in additional compliance demands.
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