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Economic Times07.05.2026BusinessIndia

Federal Bank allows EPF payments via net-banking

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Common Mistakes Leading to Income Tax Department Queries and Notices
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Common Mistakes Leading to Income Tax Department Queries and Notices

Filing income tax returns (ITR) accurately is crucial to avoid queries from the Income Tax Department. Common mistakes include mismatches between ITR and AIS/Form 26AS, incorrect capital gains reporting, non-disclosure of income streams like interest and dividends, and misalignments between high-value transactions and reported income. Experts advise taxpayers to reconcile all income sources and documents before filing to prevent notices.

Times of India