7 Common Mistakes to Avoid While Filing Your Income Tax Return (ITR)

1. Choosing the Wrong ITR Form: Many taxpayers select an incorrect ITR form, which can lead to rejection or notice from the IT department.

2. Not Reporting All Income: Ignoring income from savings account interest, freelancing, or capital gains may attract penalties.

3. Mismatch in Form 26AS & TDS Details: Ensure the income and TDS mentioned in your ITR matches with Form 26AS and AIS (Annual Information Statement).

4. Failure to Verify ITR: Filing is incomplete without verification. You must e-verify or send a signed physical copy to CPC within 30 days.

5. Incorrect Bank Details: Entering wrong account numbers or IFSC codes may delay refunds.

6. Ignoring Deductions & Exemptions: Many miss out on claiming Section 80C, 80D, or HRA benefits they’re eligible for.

7. Missing the Filing Deadline: Late filing may attract penalties and interest on tax dues. Always file before the due date.