Here are some of the precautions to be taken while filing
your income tax returns.
Confidentiality of the tax data:
When you give your income tax details to your service provider
who offers income tax preparation service, you should be aware. As the email id
and other personal data can be later used for the marketing purposes. You
might receive unwanted calls or mails. So understanding the privacy policy of the income
tax returns preparation is very important before opting for a tax preparation
service.
Signing Blank ITR Forms:
It is common for people to hand over the income tax
details to the income tax preparation service and sign a blank ITR form to the agent who files your return.It is not right to sign a blank ITR form without verifying. Sometime this might lead to a defective return filing. Also in
terms of data confidentiality perspective too, this is dangerous.
Incorrect Email ID:
Providing a correct email id is very important while filing
your income tax returns. As this is the id through which the IT department is
going establish communication, it is very important to provide functional email
id.
Online tax return filing is often taken for granted. There are so many advantages like less
scrutiny and faster refund processing. So it is very important to select an
unbiased and trusted income tax return filing service.
Thanks for sharing about precaution to be taken while filing income tax return. Insurance companies frequently need applicants to submit their Income Tax Return in order to approve term insurance coverage. You can also check out about File GST Return Online here.
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