ITR Filing 2024: Five common mistakes that can get your ITR rejected..

It is very important to be careful while filing an income tax return (ITR Filing). Tax experts also advise that the taxpayer should take care of other things along with the correct ITR form. 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 a 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 an 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.

Keep in mind the data of Form 16 and AIS.
While filing the return, you should keep in mind the data shown in the Annual Information Statement (AIS) and Form-16. If the data in these two forms is different, then you may have to face trouble. If there is a difference in the data somewhere, 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 out 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. Because of this, taxpayers must do the correct tax calculation. While calculating tax, the taxpayer should keep in mind the deduction, exemption, and tax rate. If there is any mistake in this, then the tax can be rejected.

Not verifying ITR
It is also very important to verify the income tax return after filing it. If ITR is not e-verified (ITR E-Verify), then it will be considered invalid. It can be verified by OTP from Aadhaar, Netbanking, and signing the ITR-V form.

PC Social media