ITR Filing 2025: Avoid These Common Mistakes If You’re Filing at the Last Moment
The last date for Income Tax Return (ITR) filing 2025 is fast approaching. Many taxpayers rush to file at the last minute, but hasty filings can lead to errors, penalties, or delayed refunds. Here’s a list of common mistakes to avoid to ensure smooth ITR submission.1. Incorrect Personal DetailsRushing through ITR filing often leads to mistakes in:· PAN number· Aadhaar number· Name spelling or date of birthEven small errors can delay processing or trigger notices from the Income Tax Department. Always double-check personal information before submission.2. Mismatch in Income SourcesTaxpayers sometimes forget to include all income sources, such as:· Interest from bank accounts or FDs· Rental income· capital gains from stocks or mutual fundsEnsure all Form 16, Form 26AS, and other income statements are accurately reflected.3. Wrong Tax Deductions ClaimedIn the rush, taxpayers may claim deductions incorrectly under sections like 80C, 80D, or 80E. This can lead to:· Disallowance of deductions· Notional tax liability
Check supporting documents for all deductions before filing.4. bank Account & Refund ErrorsA common last-minute mistake is entering the wrong bank account number or IFSC code. This can delay tax refunds and create unnecessary follow-ups with banks. Always verify account details carefully.5. Choosing the Wrong ITR FormDifferent income types require different ITR forms. Filing in the wrong form can:· Lead to ITR rejection· Require resubmission
Make sure you select the correct form based on your income sources.6. Not Verifying ITR on TimeFiling alone isn’t enough. Your ITR must be verified via Aadhaar OTP, net banking, or ITR-V submission. Failing to verify will make your return invalid, causing potential penalties.📌 Final TakeawayFiling ITR in a hurry can lead to errors, delays, and notices. To avoid last-minute mistakes:· Double-check personal and income details· Verify all deductions and bank information· Ensure the correct ITR form is chosen· Complete the verification process immediatelyBy staying careful and organized, you can file your ITR 2025 safely and on time, avoiding unnecessary stress.
Disclaimer:The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.
Check supporting documents for all deductions before filing.4. bank Account & Refund ErrorsA common last-minute mistake is entering the wrong bank account number or IFSC code. This can delay tax refunds and create unnecessary follow-ups with banks. Always verify account details carefully.5. Choosing the Wrong ITR FormDifferent income types require different ITR forms. Filing in the wrong form can:· Lead to ITR rejection· Require resubmission
Make sure you select the correct form based on your income sources.6. Not Verifying ITR on TimeFiling alone isn’t enough. Your ITR must be verified via Aadhaar OTP, net banking, or ITR-V submission. Failing to verify will make your return invalid, causing potential penalties.📌 Final TakeawayFiling ITR in a hurry can lead to errors, delays, and notices. To avoid last-minute mistakes:· Double-check personal and income details· Verify all deductions and bank information· Ensure the correct ITR form is chosen· Complete the verification process immediatelyBy staying careful and organized, you can file your ITR 2025 safely and on time, avoiding unnecessary stress.
Disclaimer:The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.