https://www.taxtmi.com/article/detailed?id=11848 Where an ITR claims higher deductions than Form 16 (notably HRA, Chapter VI-A deductions, or home loan interest), the department issues a discrepancy notice. Taxpayers should either supply supporting documents to corroborate claims or file a revised return within the prescribed period (commonly about fifteen days) so the return aligns with verified records; failure to respond can delay processing, forfeit refunds, trigger additional notices, and result in penalties. en-us Thu, 14 Sep 2023 10:19:20 +0530 Thu, 14 Sep 2023 10:19:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11848 Where an ITR claims higher deductions than Form 16 (notably HRA, Chapter VI-A deductions, or home loan interest), the department issues a discrepancy notice. Taxpayers should either supply supporting documents to corroborate claims or file a revised return within the prescribed period (commonly about fifteen days) so the return aligns with verified records; failure to respond can delay processing, forfeit refunds, trigger additional notices, and result in penalties. Articles Income Tax Thu, 14 Sep 2023 10:19:20 +0530 https://www.taxtmi.com/article/detailed?id=11848