How To Rectify Any Mistake Made After Filing IT Rreturns?
Not Declaring Bank Interest
All taxpayers have saving account which earns interest income. It has been noticed that people do not declare saving interest income assuming its not taxable or IT department cannot track it. Similarly, fixed deposit, NSC, Bonds etc earn interest income which is taxable and needs to be declared.
How to Avoid: Reconcile the bank statement and form 26 AS.
