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The date for filing income tax returns for the financial year 2024-25 has been extended to 15 September 2025. In which only 43 days are left. Let us tell you about some important points that you have to keep in mind while filing income tax returns.

Choosing the wrong ITR form - If you choose the wrong ITR form, then there may be trouble, and you may get a defect notice. For example, file ITR Form 1 only if your salary is less than ₹ 50 lakh and there is no capital gain.

Not verifying ITR - Not verifying ITR after filing it is like you did not file the return on time. After e-filing the ITR, it is necessary to e-verify it.

Entering the wrong assessment year - If you are filing this year's ITR, then choose Assessment Year (AY) 2025-26. Entering the wrong AY can lead to unnecessary penalties.

Entering wrong details- Entering wrong name, address, email, phone number, PAN, date of birth, or bank details can cause problems. Enter the correct bank details so that the refund comes on time.

Income information- It is important to mention not only your main income, but also savings account interest, fixed deposit interest, rental income, short-term capital gain, etc., in the ITR. Failure to do so can lead to a penalty and tax notice.

Not following the correct format- Details in the ITR form should be entered in the correct format. A wrong format can lead to errors in the ITR.

Choosing the wrong tax regime- Choosing the wrong tax regime can result in more tax deduction. Choose the right tax regime while filing ITR.

Not claiming exemptions- If you earn capital gains and reinvest them, do not forget to claim exemptions under section 54, 54EC, or 54F.

Ignoring notices- Respond immediately to any notice from the Income Tax Department. Ignoring notices can lead to legal action and penalties.

Not paying advance tax, Pay tax before the due date. Not paying or underpaying advance tax can attract 1% interest on the outstanding amount.

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