ITR Filing 2024: The last date for filing income tax return is 31st July 2024 (Wednesday). This means that there is not much time left to file ITR. Even in a short time, the taxpayer should keep many things in mind while filing ITR. If even a small mistake is made in filing, then the ITR can be rejected.
ITR Filing 2024: It is very important to be careful while filing income tax return (ITR Filing). Tax experts also advise that the taxpayer should take care of other things along with the correct ITR form. Actually, many times taxpayers make some mistakes while filing the return, due to which their ITR gets rejected.
After the ITR is rejected, the taxpayer has to face a lot of trouble. In such a situation, taxpayers are advised to take the help of consultancy services of CA or tax expert to file the return. If you file the return yourself, then you must know which mistakes you should avoid.
Choose the right form
To file ITR, taxpayers should select the correct ITR form. Apart from this, they should not give any wrong information in the form. Whenever you submit the form, cross check it once or twice.
Take care of the data of Form 16 and AIS
While filing the return, you should take care of the data shown in the Annual Information Statement (AIS) and Form-16. If the data in these two forms is different, then you may face trouble. If there is any difference in the data, then you should not ignore it at all.
Submit the form on time
Many times taxpayers submit the ITR form on the last date, whereas this should not be done. Even many times taxpayers fill the ITR form but do not submit it. Due to this also ITR gets rejected.
Incorrect tax calculation
If the tax calculation in ITR is wrong, then also ITR can be rejected. For this reason, taxpayers must do the correct tax calculation. While calculating tax, the taxpayer should keep in mind the deductions, exemptions and tax rates. If there is any mistake in this, the tax may be rejected.
Not verifying ITR
It is also very important to verify the income tax return after filing it. If the ITR is not e-verified (ITR E-Verify), then it will be considered invalid. It can be verified by OTP from Aadhaar, Netbanking, signing the ITR-V form.
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