Filing your Income Tax Return in India is a crucial financial responsibility every year. However, many taxpayers make mistakes that can lead to penalties, notices, or refund delays. In this blog, Amiko Finserv shares 7 common mistakes you should avoid this year to ensure smooth filing.
1️⃣ Choosing the Wrong ITR Form
Many people file the wrong ITR form, which can lead to their return being rejected. For example:
- ITR-1 is for salaried individuals
- ITR-3 is for business or professional income
- ITR-4 is for presumptive income
For more details, visit the Income Tax Department’s official site.
2️⃣ Missing the Filing Deadline
The deadline to file your tax return this year is 15 September 2025. Late filing can attract penalties ranging from ₹1,000 to ₹10,000. Check the full tax calendar here.
3️⃣ Not Reporting All Sources of Income
Whether it’s salary, freelance earnings, rental income, or capital gains, you must report all sources of income. Hiding income can lead to tax notices from the department.
4️⃣ Ignoring Form 26AS and AIS Reconciliation
Verify your tax details against Form 26AS and the Annual Information Statement (AIS) to avoid mismatches that can delay refunds or trigger notices. Learn more at the Income Tax Portal.
5️⃣ Claiming HRA Without Proper Proof
To claim House Rent Allowance (HRA), you need rent receipts and landlord PAN details if the rent exceeds ₹1 lakh per year. Claims without proof may be rejected.
6️⃣ . Not Verifying Your ITR After Filing
After filing, your return must be verified within 30 days via Aadhaar OTP, net banking, or physical submission. Without verification, your filing is considered invalid.
7️⃣ Claiming Deductions Without Supporting Documents
Keep all documents related to deductions like Section 80C (PF, LIC, ELSS), 80D (medical insurance), and 80G (donations). These proofs are essential if the department requests them.
Why Choose Amiko Finserv for Your Income Tax Return India Filing?
At Amiko Finserv, our experts ensure you file the right form on time and avoid common errors. We help make your Income Tax Return India filing hassle-free and accurate.
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