5 reasons why you may receive notice from the income tax department

The Central Board of Direct Taxes(CBDT) has again extended the deadline for filing of Income Tax Return FY 2018-2019. Taking to Twitter, CBDT informed that “In view of the constraints due to the Covid pandemic & to further ease compliances for taxpayers, CBDT extends the due date for filing of Income Tax Returns for FY 2018-19(AY 2019-20) from 31st July, 2020 to 30th September, 2020,vide Notification in S.O. 2512(E) dt 29th July, 2020.” This no doubt has given some relaxation for taxpayers to file ITR.  However, at times it may happen that we make a mistake while filing our ITR at the last minute. These could include mentioning the wrong bank account number, forgetting to declare interest income, or claiming the wrong deduction. Here are common mistakes you should avoid while filing for your Income Tax Returns. 

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