Hey there! Here are some reasons why you might receive an income tax notice, just so you're in the know 🧵1/11 #IncomeTax
🔄 1. Oops, there might be a bit of inconsistency in the amount of TDS reported. 🧵2/11 #TDS
📄3. Ah, the classic forgetting to submit all the required papers. It's easy to miss a thing or two. 🧵4/11 #Documents
👫5. Be careful when making investments in your spouse's name—remember to report them on your income tax returns too! 🧵6/11 #investment
💸6. Did some high-value transactions slip under the radar this fiscal year? Happens to the best of us! 🧵7/11 #slips
🕵️♂️ 7. Sometimes, the assessing officer just decides to take a peek at your income tax return randomly. Surprise! 🧵8/11 #officer #IncomeTax #IncomeTaxdepartment
📈8. Oh no, did you forget to properly disclose those long-term capital gains from your stock investments? Don't worry; we've got your back 🧵9/11 #stockmarkets