The Income Tax Return (ITR) filing for FY 2024-25 (AY 2025-26) is nearing its deadline on 15 september 2025. With the last date fast approaching, taxpayers must ensure accuracy to avoid penalties, notices, and unnecessary hassles.

1. Check Your Form Type

Before filing, ensure you select the correct ITR form:

· ITR-1 (Sahaj): For salaried individuals and pensioners

· ITR-2: For individuals with multiple income sources like capital gains or foreign assets

· ITR-3 / ITR-4: For professionals or business owners
Filing the wrong form can trigger tax notices and re-filing requirements.

2. Verify Personal and bank Details

Small errors in PAN, Aadhaar, or bank account details can delay processing and refunds. Always double-check:

· PAN number and name as per PAN card

· Aadhaar linking

· bank account number and IFSC code

3. Report All Sources of Income

Make sure to declare all income, including:

· Salary, pension, and bonuses

· Interest from savings, fixed deposits, and other investments

· capital gains from stocks, mutual funds, or property
Undisclosed income can attract penalties and legal notices.

4. Claim Eligible Deductions

Maximize your tax savings by claiming eligible deductions under Chapter VI-A:

· Section 80C: Investments in PPF, ELSS, NSC, LIC

· Section 80D: health insurance premiums

· Section 24(b): home loan interest for property owners
Proper deductions reduce tax liability and prevent re-assessment notices.

5. Reconcile TDS and Form 26AS

Always check Form 26AS to ensure that TDS and advance tax payments are correctly reflected. Missing entries or mismatches can result in ITR rejection.

6. E-Verification of ITR

Filing alone is not enough; you must e-verify your ITR using methods like:

· Aadhaar OTP

· Net banking

· wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital signature
Without verification, the ITR will be considered invalid.

7. Avoid Last-Minute Rush

Filing at the last moment increases chances of:

· Website glitches on the Income Tax portal

· Incorrect entries due to hasty submission

· Delay in refunds

By following these precautions, taxpayers can file their ITR smoothly and avoid penalties, notices, or unnecessary stress. With the deadline of 15 september 2025 approaching, it’s wise to file early and double-check all details.



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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Balasahana Suresh

15/09/2025 10:16 AM