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While filing the Income Tax Return form, Taxpayers tend to make many mistakes due to lack of experience, pre-information, and knowledge. These mistakes can lead to many unnecessary notices from the Income Tax Department. Here are the common mistakes that are pointed by researching previous mistakes done by the taxpayers to help you fill ITR form without any errors and avoid unnecessary notices.
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Salaries taxpayers who are earning more than 5 Lakhs taxable income is mandatory for E-filing of income tax return. You will have to compulsorily file individual return if you fall in the 5-10 Lakhs tax slab. Income Tax return is required to be documented by 30th September every year. It is required for all the corporate assesses & non-corporate assesses (like partnership firm, ...