Introduction
Filing your Income Tax Return (ITR) is a mandatory compliance task for most Indian taxpayers. Despite the growing awareness and availability of e-filing platforms, many individuals still commit avoidable mistakes that lead to delays in refunds or notices from the Income Tax Department. As a seasoned CA in Andheri Mumbai, I’ve listed some of the most frequent errors to help you avoid them this Assessment Year (AY) 2025–26.
Common ITR Filing Mistakes
- Selecting the Wrong ITR Form
Using the incorrect ITR form can result in your return being treated as defective. For instance, if you have capital gains, you cannot file ITR-1. Choose the correct form based on your income sources. - Mismatch in Income Details (Form 26AS/AIS/TIS)
Reconcile income reported in your Form 26AS, Annual Information Statement (AIS), and Taxpayer Information Summary (TIS) with your actual income. Mismatches can trigger scrutiny. - Omitting Income from Other Sources
Even if you have small earnings from interest on savings accounts or dividends, these must be reported. Non-disclosure can lead to penalties. - Incorrect Claiming of Deductions
Under the old regime, ensure you have supporting documents for deductions under 80C, 80D, 80E, etc. Errors in amounts or missing insurer/lender details can invalidate claims. - Failure to Verify ITR
Filing is incomplete without verification. You must e-verify the return within 30 days, else it will be considered invalid.
Key Takeaway
Ensure accuracy, completeness, and timely verification of your ITR. A CA in Andheri Mumbai can assist you in reviewing your documents and ensuring compliant ITR filing.
