There are just two days remaining to file the ITR. Indian citizens must so properly complete their income tax filings for the fiscal year 2023–2024. In addition to being required by law, filing an ITR is crucial for gaining numerous benefits and helping the nation thrive. The income tax return filing process is now considerably simpler and available online. Nonetheless, it is crucial to stay away from a few typical blunders. Should these errors be committed, you can be subject to fines or legal issues.
The PAN, Aadhaar, residence, email address, and mobile number
you provide must match those on your official government records. Fill out the appropriate ITR form based on your income. Rejecting your return could result from filling out the incorrect form. Â In ‘Income from other sources,’ list all non-taxable income. This covers freelance work, rent, and interest.
Complete various forms
to apply for exemptions under Sections 80C, 80D, and 80G. To be eligible for certain exemptions, you need to have the right paperwork. Details regarding your tax deposited (TCS) and tax deducted (TDS) are included in Form 26AS. Compare the income reported on Form 26AS with the information you possess.
Indicate your income from
both jobs if you changed jobs in the middle of the year. Upload an ITR on time to avoid paying penalties and interest. The last date for filing ITR for the financial year 2023-24 is July 31, 2024.
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