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5 Common Mistakes and New Online Filing for ITR-B

Avoid Income Tax Notices: 5 Common Mistakes and New Online Filing for ITR-B

Welcome to Taxgyany – Your Trusted Tax Partner!

If you want to avoid receiving unwanted Income Tax Notices this year, this guide is for you. We’ll explain 5 common mistakes that trigger notices, and a new update on online filing of Form ITR-B for taxpayers receiving Section 158BC notices.


✅ Introduction: Why Do People Get Income Tax Notices?

Imagine Ramesh, a small trader. He filed his ITR on time but got a scary-looking Income Tax Notice a few weeks later. He panicked! But when he met his CA, he realised his return had a mismatch in TDS details — a simple but costly mistake.

Sounds familiar?

Income Tax Notices can be stressful. But most of them are avoidable if you know what causes them.


⚠️ Top 5 Mistakes That Lead to Income Tax Notices

Here are the 5 most common mistakes taxpayers make:


1️⃣ Hiding or Misreporting Income

  • Example: Not declaring FD interest, freelance earnings, rent income.

  • Why it’s risky? Tax Department cross-verifies using Form 26AS and AIS (Annual Information Statement). Mismatches are red flags.

  • Tip: Always download AIS & 26AS before filing and match your income.


2️⃣ High-Value Transactions

  • Example:

    • Cash deposits over ₹10 lakh in savings/current accounts.

    • Spending over ₹2 lakh on foreign travel.

    • ₹1 lakh+ yearly electricity bill.

  • How Department knows? Through SFT (Specified Financial Transactions) reporting.

  • Tip: Disclose sources and ensure your declared income matches your lifestyle.


3️⃣ TDS Mismatch

  • Problem: Claiming wrong TDS credits not matching 26AS.

  • Example: Employer deducted TDS, but you used wrong TAN or amount.

  • Result: Automatic mismatch triggers notice.

  • Tip: Reconcile Form 26AS/Traces data with your ITR before filing.


4️⃣ False or Inflated Deductions

  • Example: Claiming ₹1.5 lakh under 80C without valid proof.

  • Why it’s risky? Department may ask for supporting documents.

  • Tip: Keep all receipts (LIC, PPF, Tuition Fees, Home Loan Principal, etc.)


5️⃣ Ignoring Old Tax Demands

  • Example: Past years’ unpaid tax, interest, or penalty.

  • Outcome: Your refund can be adjusted, or you may get a demand notice.

  • Tip: Always check the outstanding demand on the e-filing portal.


💡 Pro Tip:

Always use the Income Tax Department’s e-filing portal to track notices and communication. Avoid middlemen who promise “notice removal” for a fee.


🆕 Latest Update: Online Filing of Form ITR-B for Section 158BC Notices

Besides routine notices, there’s a new online facility the department has introduced:


✅ What is Section 158BC?

  • Applies after a search or seizure operation by the Income Tax Department.

  • Taxpayers must file returns for a block assessment period (6 years prior to the search).

  • This is done using Form ITR-B.

Example:
If a business is raided in FY 2025-26, they may need to file ITR-B for FY 2018-19 to FY 2023-24.


✅ Earlier Filing Process

  • Physical submission at tax office.

  • Long delays, manual errors.


✅ What’s New?

  • Form ITR-B can now be filed ONLINE via e-Proceedings.

  • Available on the incometax.gov.in portal.

  • Fully paperless, faster, and transparent.


✅ How to File Form ITR-B Online (Step by Step)

✅ Login to incometax.gov.in
✅ Go to e-Proceedings tab
✅ Select Form ITR-B
✅ Upload details & verify with OTP
✅ Submit


✅ CBDT Advisory

“Taxpayers receiving notices under Section 158BC should use this facility at the earliest for timely compliance.”

✅ Benefits:

  • No need to visit Income Tax Office.

  • Faster processing.

  • Reduced errors.


📌 Why Is This Important for Taxpayers?

  • Income Tax scrutiny is tightening.

  • Transparency is the goal: fewer fake deductions, better compliance.

  • Faceless and digital systems mean less harassment but more accuracy.


🌟 Quick Tips to Avoid Tax Trouble

✅ Download & review Form 26AS and AIS.
✅ Disclose all incomes, even small ones.
✅ Claim only genuine deductions.
✅ Pay old demands if any.
✅ Keep documents ready in case of scrutiny.


✅ Conclusion

At Taxgyany, our goal is to make taxes simple for you. Whether it’s avoiding common mistakes or filing complex forms like ITR-B, we’re here to help.

✨ Don’t let Income Tax Notices stress you out. File your returns honestly and on time.
✨ Use new online facilities to make compliance easy.
✨ And if you need help – we’re just a call away!


📞 Contact Us:

✅ 📞 730 430 7888
✅ 🌐 www.taxgyany.com
✅ 📧 taxgyany@gmail.com

Income Tax Notice India
Avoid Income Tax Notice
Common Tax Filing Mistakes
Form ITR-B Filing Online
Section 158BC Income Tax
Income Tax Department Notices
Tax Filing Tips 2025
e-Filing India Guide