Not reporting bank interest or LTCG in your ITR? Avoid these 2 common tax filing mistakes
Many taxpayers assume that income on which TDS has already been paid, or long-term capital gains (LTCG) of up to ₹1.25 lakh, need not be reported in their Income Tax Return (ITR). However, such assumptions can create mismatches between the Income Tax Department’s records and the taxpayer’s return, thereby increasing the chances of notices or […]