New Delhi, Sept. 6 -- Taxpayers are generally more worried about large transactions while filing their tax returns. This is natural because the fear of the transaction getting noticed is meaningfully higher than for smaller, insignificant amounts.

For example, Rs.10,000. This is the kind of amount most taxpayers would not think twice about, as it can be accumulated in a bit of savings account interest, a freelance cheque, or a dividend credit from a stock holding. Most of these transactions are ignored by individuals.

Still, it is vital to note that in the eyes of the Income Tax Department, no amount is too small to matter. Paying attention to these relatively harmless-looking transactions and their calculations becomes even more signif...