Income Tax Rule: If you make this mistake while paying income tax, you may have to go to jail, taxpayers should know the rules..

Income Tax Rule: According to the law of the Income Tax Department, it is necessary for every person whose income comes under the purview of tax to file an income tax return. We should be very careful while filing our income tax.

This is a responsible job. People often make mistakes while filing income tax, which can increase their trouble as soon as they come under the grip of the Income Tax Department.

Action can be taken if the mistake is proven.

The Income Tax Act states what action can be taken against the taxpayer (Income Tax Rule) after their mistake. This is stated under section 276C of the Income Tax Act, 1961. These mistakes can include many things, such as claiming a wrong deduction, using a fake receipt or certificate for deduction, not giving correct information about income in the ITR, etc.

Mistakes can happen in haste.

The time for filing ITR is coming to an end. It is possible to make a mistake while filling out the ITR. Taxpayers have been given more time to file returns (Income Tax Rule). You can file ITR till 15th September.

Usually, the deadline for filing returns is 31st July. The date has been extended, but it will be good if you file your ITR on time. At the same time, ITR should be filled out carefully.

Be careful while filing returns.

The Income Tax Department (Income Tax Rule) wants more and more people to come under the ambit of income tax in the right way. For this, the Income Tax Department is also constantly strengthening the monitoring system. The Income Tax Department is constantly keeping an eye on transactions larger than this. The Income Tax Department keeps finding out who has done how many transactions to whom.

If you are filing an income tax return, then definitely give the correct details of your transactions in it; otherwise, if your transactions do not match your income, then you may get a notice from the Income Tax Department. In this, you must fill in every detail carefully.

You can also file a revised return.

If a person makes a mistake in filing ITR, the Income Tax Department (Income Tax Rule) has given him a chance to file the return again. It is important to be very serious about income tax returns.

Before filing the return, you should collect all your income information. If you forget about any income, you can correct it later before the Income Tax Department's notice. If the department feels that you are doing this intentionally, you will be in trouble.

You will have to pay a penalty.

According to section 276C of the Income Tax Department Act 1961, it has been said that if the mistake of the taxpayer is proved, then the Income Tax Department can take several steps against him. In this, the strictest action can be taken by the Income Tax Department.

Therefore, to avoid coming under the radar of the Income Tax Department, give the correct information. If your mistake is proved, then if found guilty, a penalty of up to 200 percent (Income Tax Rule) can be recovered from you and you may have to go to jail.

An intentional mistake leads to jail.

Section 276c states that if a taxpayer intentionally evades tax, then if the amount of theft is more than 100000, he can be sentenced to jail. This punishment will be for 6 months initially but later it can be extended to 7 years. Penalty can also be imposed on the taxpayer.

Tax experts say that if someone inadvertently forgets to disclose any income (Income Tax Rule), then he need not fear. If he remembers it, he can file a revised ITR. If you do not remember even later and the tax department sends you a notice, then you can give the correct information to the department.

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