Common Mistakes in Tax Filings and How to Avoid Them
Mistakes in tax filings are common but can lead to legal complications or penalties under Section 234F of the Income Tax Act, 1961. Here’s how to avoid them
Digital Nari
9/23/20241 min read
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.
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