Top 10 Common Mistakes to Avoid When Filing Your Income Tax Return in India

Filing your Income Tax Return (ITR) might seem straightforward, but even minor mistakes can lead to penalties, delays, or notices from the Income Tax Department. At Jatin Sethi & Co Chartered Accountants, we’ve helped hundreds of clients file accurate and timely ITRs. Here are the top 10 common mistakes to avoid:

1. Using the wrong ITR form – Ensure you select the correct ITR form based on your income type.


2. Not reporting all income – Freelancers and salaried individuals often forget side income or interest income.


3. Mismatched TDS – Cross-check your Form 26AS with actual TDS deducted.


4. Claiming false deductions – Only claim eligible deductions under Sections 80C to 80U.


5. Not disclosing foreign assets – Mandatory for residents with foreign accounts or investments.


6. Incorrect bank details – Delays your refund or results in failed credit.


7. Not verifying the return – E-verification or manual verification is essential for processing.


8. Missing due date – Filing after the deadline may lead to late fees under Section 234F.


9. Overlooking carry-forward losses – File returns on time to retain the benefit of loss carry-forward.


10. Failing to maintain documentation – Keep receipts, salary slips, rent agreements, etc., ready.

Need help with filing your ITR error-free? Contact Jatin Sethi & Co for personalized tax consultation in Thane & Mumbai region.