Nine reasons for getting a tax notice

By: Sudhir Kaushik The Income Tax Department has launched a drive to ensure greater tax compliance. In recent months, thousands of taxpayers have been served notices after discrepancies were noted in their tax returns or their TDS details. This sudden rise in the number of tax notices is not because people have stopped paying tax or filing their returns. It's just that the tax authorities now have an integrated database on taxpayers and can track almost all financial transactions of an individual. The 10-digit alphanumeric PAN, which...

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online scams & ways to avoid them

Internet fraud can take many forms: identity theft, injecting malware, fraudulent transactions. It can occur through e-mail, smartphones, websites, and chat rooms. Here are some such scams and ways to avoid them. Infected sites These are the sites that are not legitimate and have malicious software to hack your personal information. A lot of such infected sites come up during festive season, when people are buying gifts online, and hackers build these using popular search items. Another variation of infection is legitimate sites that...

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