2. Provide Correct Address and Bank Details

It is very important to give your correct address with exact bank account number along with the MICR code as it will help you contact the income tax authorities whenever necessary. Moreover, it will help you get the refunds that you claim in return.

3. Permanent Account Number (Pan)

It is through your PAN card your Income Tax authorities identify you and record your income and your deduction on taxes and also the tax that is paid by you.

Incorrect PAN can be a problem to you as well the income tax authorities. So always check twice before you file the returns.

4. Know about the Current Tax Law

Before you prepare your return, it’s always better to know about the Current Tax law. Through this you will get to know the deductions and exceptions that are offered or the different provisions to club two or more income.

Also Read:

Incorrect Tax Withholding Most Frequent Payroll Error: E&Y

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