Business Standard

Filing income-tax returns? Here are the five key mistakes to avoid

Selection of incorrect return form and not disclosing income on which tax doesn't have to be paid are key mistakes

Income tax returns
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Sanjay Kumar Singh New Delhi
Individuals and Hindu Undivided Families constitute almost 98 per cent of e-filers. This category tends to be most prone to making mistakes while filing returns.  Begin collecting relevant documents and file returns before the July 31 due date. Here are common mistakes to watch out for: 

Choosing incorrect ITR form: The ITR (income-tax return) form varies depending on source(s) of income. Use of incorrect ITR form can result in the return being treated defective. Such assessees are given intimation under Section 139(9), asking them to rectify the mistake within 15 days. “If the error is not rectified, the return is

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