Income Tax Return filing deadlines are getting closer and closer and here are some things that you might want to look for while filing you Income Tax Return.

Income tax Department gets a notification whenever you do any of the following :-
1. Purchasing of Stocks, FDs, and Mutual Funds of over 10 Lakhs in value in a particular year
2. Paying your credit card bill of over 1 Lakh in cash or of over 10 Lakhs via Online methods.
3. Cash Deposits of over 10 Lakhs
4. Foreign Exchange of over 10 Lakhs
5. Property Registration over 30 Lakhs

In any of the above cases, the Income Tax department shall be notified and then they'll match your ITR to justify these transactions. An investigation can be undertaken moreover, a notice can be issued in your name if something Fishy is found. #itr #tax

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