Filing your Income Tax Return (ITR) seems simple, but even small mistakes can trigger a notice from the Income Tax Department. Here are the most common errors to watch out for.

1. Incorrect Personal Details

· PAN, Aadhaar, name, or date of birth mistakes can create mismatches.

· Always verify personal information before submitting the ITR.

· Mismatched details are a common reason for notices.

2. Mistakes in Income Reporting

· Reporting wrong salary, business income, or capital gains can lead to notices.

· Ensure TDS (Tax Deducted at Source) matches your Form 26AS.

· Double-check income from multiple sources to avoid discrepancies.

3. Wrong Claim of Deductions

· Misreporting Section 80C, 80D, 80E deductions can cause issues.

· Only claim deductions for which you have proof or receipts.

· Over-claiming or incorrectly claiming can invite scrutiny.

4. bank Account and Refund Details

· Incorrect bank account number or IFSC code may delay refunds.

· Double-check account details before filing.

· Using an inactive account can cause failed refund transactions.

5. Errors in Tax Payment

· Failing to pay advance tax or self-assessment tax can trigger a notice.

· Ensure tax calculation matches your income and deductions.

· Keep challan receipts or payment proof for reference.

Conclusion

Even a small mistake in ITR filing can lead to a notice from the Income Tax Department. By carefully reviewing personal info, income details, deductions, and bank info, you can avoid unnecessary scrutiny and ensure smooth processing of your return.

 

Disclaimer:

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.

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G GOWTHAM

02/12/2025 01:00 PM