7 Information Tax Department Collects Easily!

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The income tax department collects information about your various financial transactions like credit cards, cash deposits with bank, IPOs or mutual fund investments , property purchase, debenture or bonds investments. These information are fed into the departmental sever and ultimately reaches the desktop of the income tax officer. The assessing officer , may use the information to match the information with the data included in your income tax return and may issue notices for scrutiny of your return or reassessment of your total income.

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