Producer: Priyanka Das Editor: Aparna Singh
Make sure you have all your income statements, deduction proofs, and other relevant documents ready before you start the filing process.
Maintain records of all documents, receipts, and proofs related to income, investments, and deductions. These may be required for verification or in case of any future tax scrutiny.
Ensure that your name, address, PAN, and bank account details are correct. Any discrepancies here can cause issues.
Include all sources of income, such as salary, rental income, interest from savings, and investments. Omitting any income can lead to penalties.
Be thorough in claiming eligible deductions under various sections like 80C, 80D, etc. Incorrect claims can result in rejections or legal troubles.
Verify that the TDS (Tax Deducted at Source) details in Form 16 match with those in Form 26AS. Any mismatch can lead to discrepancies in your tax calculation.
Select the appropriate ITR form based on your income sources. Using the wrong form can invalidate your return.
Failure to verify may render the filing invalid. Don’t miss this step or your return will be considered invalid.
Always recheck your return for any errors before submitting it.
Consult a tax professional/CA if needed. Don’t be reluctant to seek help, even if it requires to reach out to the income tax department.