Suraj's Post

⚠️ One mistake in your ITR… and it could cost you 7 years Most people think small errors in tax filing don’t matter. But hiding income or claiming fake deductions can lead to serious consequences. 📌 What you need to know: • Severe Penalty → Up to 7 years jail under Section 276C + 200% penalty • Full Tracking → AIS + AI systems track PAN, Aadhaar, bank & GST data • No Escape → Mismatches are automatically detected • Your Responsibility → Even if your CA makes a mistake, you are liable • Wrong Filing → Choosing incorrect ITR form can make your return invalid 📌 If you’ve already made a mistake: • Revised ITR → File before 31 Dec 2025 for possible relief • ITR-U Option → Late correction allowed, but with 25%–70% penalty • Verify First → Always check Form 26AS & AIS before filing Tax filing is not just a formality. It’s a legal responsibility. You may think “no one will notice.” But the system already has your data. Accuracy matters more than speed.

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• 218.5K Followers
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This post was published on 02nd May, 2026 by Suraj on his Instagram handle "@myfintaxofficial (MYFINTAX | Finance & Tax Educator | CA Suraj Soni)". Suraj has total 218.5K followers on Instagram and has a total of 3.0K post. Suraj receives an average engagement rate of 0.19% per post on Instagram. This post has received 4 comments which are lower than the average comments that Suraj gets. Overall the engagement rate for this post was lower than the average for the profile.