Tax filing can be complicated, and even minor errors can lead to penalties or delays. Here are common mistakes and tips to avoid them:
- Incorrect Personal Information
Ensure your name, PAN, and contact details are accurate to avoid mismatches. - Ignoring Taxable Income Sources
Include all income sources, such as freelance work or interest income, to avoid underreporting. - Not Claiming Eligible Deductions
Research deductions like Section 80D for health insurance and 80E for education loans. - Late Filing of Returns
File your returns before the deadline to avoid penalties and interest charges. - Skipping Verification
Verify your return through the e-filing portal to complete the process and avoid rejection.
Double-checking details and understanding tax rules can help you file error-free returns.
