The date of filing income tax returns for the financial year 2024-25 has been increased to 15 September 2025. In which now only 43 days are left. Let us tell you about some important points, whose attention you will have to take care of while filing income tax returns.
- Choosing wrong ITR form- If you choose the wrong ITR form, then there may be trouble and the defect notice can be found. For example, file ITR Form 1 only when your salary is less than ₹ 50 lakh and there is no capital gains.
- Do not verify ITR- After filing the ITR, it is not to verify it as if you did not file the return on time. After e-filing ITR, it is necessary to e-verify it.
- Insert the wrong assessment year If you are filing ITR of this year, then choose the assessment year (AY) 2025-26. Inserting the wrong AY can unnecessary penalty.
- Putting wrong details- Name, address, email, phone number, PAN, date of birth or bank details can cause problems. Enter the correct bank details so that refund comes on time.
- Income information- Not only your main income, but it is also necessary to mention the interest of savings account, interest of fixed deposits, rental income, short-term capital gains, etc. in ITR. Not doing so can get penalty and tax notice.
- Not following the correct format- Details in ITR form should be put in the correct format. ITR may make mistakes in the wrong format.
- Choosing wrong tax regime- Choosing wrong tax can deduct tax more tax. Choose the correct tax regime while filing ITR.
- Do not claim exhalation- If you earn a capital gains and reinvest it, do not forget to claim the exhalation under section 54, 54EC, or 54F.
- Ignoring notice- Immediately reply to any notice coming from the Income Tax Department. Ignoring notice can lead to legal action and penalty.
- Not paying advance tax- Pay the tax before the date. Not paying advance tax or paying less can cost 1% interest on the outstanding amount.