Common ITR Filing Mistakes That Can Cost You
Filing your Income Tax Return isn’t just about uploading numbers — it’s about getting them right. Avoiding small mistakes can save you from delayed refunds, tax notices, and unnecessary corrections.
Here’s a checklist of common filing errors to watch out for:
𝟏. 𝐔𝐬𝐢𝐧𝐠 𝐭𝐡𝐞 𝐖𝐫𝐨𝐧𝐠 𝐈𝐓𝐑 𝐅𝐨𝐫𝐦
Each form applies to specific income types. Selecting the wrong one can lead to rejection or a defective return notice.
𝟐. 𝐍𝐨𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐀𝐥𝐥 𝐒𝐨𝐮𝐫𝐜𝐞𝐬 𝐨𝐟 𝐈𝐧𝐜𝐨𝐦𝐞
Include all income — salary, interest from savings and FDs, capital gains, rental income, dividends, freelance/professional earnings, and foreign income if applicable.
𝟑. 𝐒𝐤𝐢𝐩𝐩𝐢𝐧𝐠 𝐅𝐨𝐫𝐦 𝟐𝟔𝐀𝐒 & 𝐀𝐈𝐒 𝐑𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐢𝐚𝐭𝐢𝐨𝐧
Cross-check your TDS, high-value transactions, and other income details with Form 26AS and AIS. Mismatches are a common reason for tax notices.
𝟒. 𝐄𝐧𝐭𝐞𝐫𝐢𝐧𝐠 𝐈𝐧𝐜𝐨𝐫𝐫𝐞𝐜𝐭 𝐁𝐚𝐧𝐤 𝐃𝐞𝐭𝐚𝐢𝐥𝐬
Your refund gets delayed if account details (number, IFSC) are wrong or inactive.
𝟓. 𝐌𝐢𝐬𝐬𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐢𝐥𝐢𝐧𝐠 𝐃𝐞𝐚𝐝𝐥𝐢𝐧𝐞
Filing late may attract penalties and interest. You may also lose the benefit of carrying forward certain losses.
𝟔. 𝐈𝐠𝐧𝐨𝐫𝐢𝐧𝐠 𝐄𝐱𝐞𝐦𝐩𝐭 𝐈𝐧𝐜𝐨𝐦𝐞
Disclose exempt incomes like agricultural income, interest from tax-free bonds, or long-term capital gains up to the exemption limit. While not taxable, they’re still reportable.
𝟕. 𝐂𝐥𝐚𝐢𝐦𝐢𝐧𝐠 𝐖𝐫𝐨𝐧𝐠 𝐨𝐫 𝐈𝐧𝐞𝐥𝐢𝐠𝐢𝐛𝐥𝐞 𝐃𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧𝐬
Double-check your deductions under sections like 80C, 80D, 80G, etc. Unsupported or ineligible claims may lead to scrutiny.
𝟖. 𝐍𝐨𝐭 𝐕𝐞𝐫𝐢𝐟𝐲𝐢𝐧𝐠 𝐭𝐡𝐞 𝐑𝐞𝐭𝐮𝐫𝐧
Filing isn’t complete until you verify it — either electronically or by sending a signed ITR-V to CPC. Unverified returns are treated as not filed.
𝟗. 𝐑𝐞𝐥𝐲𝐢𝐧𝐠 𝐄𝐧𝐭𝐢𝐫𝐞𝐥𝐲 𝐨𝐧 𝐀𝐮𝐭𝐨-𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐞𝐝 𝐃𝐚𝐭𝐚
While prefilled data from AIS/26AS helps, it may not be complete or updated. Always review and correct where needed.
📌 𝐏𝐫𝐨 𝐓𝐢𝐩: Think of ITR filing as an annual financial health check. Rushing through it can cost you — but doing it right gives you peace of mind and smoother financial approvals.
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