As the deadline for filing Income Tax Returns (ITR) for Assessment Year 2025 approaches, ensuring accuracy in your submission is paramount to avoiding scrutiny by the tax authorities. Many taxpayers make easily avoidable mistakes which can invite aggressive notices from the tax authorities. Here are some crucial oversights to avoid during your filing.To begin with, review all personal details for accuracy. Your PAN, bank account numbers, aadhaar details, and phone numbers must be updated and properly entered. Errors are flagged instantly. Pick the right form for ITR; it has to be applicable to the sources of your income. Using the wrong form will most likely lead to your return being declared as defective.Ace Your Tax Filing: Avoid These 8 Common Mistakes to Sidestep Income Tax NoticesAnother mistake is failing to report all income. This includes salaries, interests from your savings accounts or FDs, rentals, capital gains from other investments, and income generated from side businesses. Everything needs to be reported; it’s required. Moreover, do not forget eligible deductions; they should be claimed to reduce taxation, but claims without proof can trigger notices.Make sure to double check all the tax calculations. Strive to avoid mistakes, whether it is overpayment or underpayment of tax liability. Your tax deducted at source must reflect correctly on form 26AS or AIS. Check for any discrepancies and make sure they are corrected before filing. Also, keep in mind the deadline; late filing without cause can result in incurring penalties and interest. Do not forget that you need to electronically verify your ITR with OTP or other methods within the period after submission, as unverified returns are treated as invalid.
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