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Tax, files and mistakes

TWO things that you just cannot avoid in life - Death and Taxes.    Death, as depressing as it is, is pretty straightforward.    You're either dead or alive.    It's pretty black and white with no margin for error.    While taxes, on the other hand, are a minefield of potential goof-ups filled with shades of grey.    So even if you think you've filed your returns this year, you might actually have been pretty unsuccessful if you've done any of the five goof-ups given below.   

We spoke to tax consultants to identify common mistakes that people make while filing tax returns.   

1.    Misquoting your Permanent Account Number (PAN)
Chartered accountant Mitil Chokshi feels that this is one of the most common mistakes that people do when filing their IT returns.    Remember that the Income Tax Department makes it mandatory for tax-payers to quote PAN on return of income.    If you don't quote your PAN or give the wrong PAN, your return will not be

Read More on this url.   .   .   
wealth. moneycontrol. com/showstory. php?id=6423

Regards,

Armaan!