Common Mistakes in Tax Filings and How to Avoid Them

1. Incorrect Personal Details

Mismatches in PAN, Aadhaar, or bank account details can delay refunds. Double-check all entries before submission.

2. Omitting Income Sources

All taxable incomes must be declared, including:

• Interest from savings accounts or FDs (Section 56).

• Rental income (Section 22).

3. Ignoring Deadlines

The due date for individual filings is typically July 31st. Late filings attract penalties up to ₹10,000.

4. Misusing Deductions

Only claim deductions with valid proofs, like receipts for Section 80C or 80D investments.

5. Not Verifying Returns

Unverified returns are considered incomplete. Use Aadhaar OTP, DSC, or offline methods for verification.