6 Mistakes to Avoid While Filing ITR in Dwarka

Contents Covered

• Incorrect ITR form Selection
• Failing to Report all Incomes
• Mismatch in TDS Details
• Mismatch in AIS / TIS
• Missing the due date
• Incorrect Bank Details

Introduction

Filing your Income Tax Return (ITR) may seem like a straightforward task, but even minor errors can lead to penalties, scrutiny notices, or refund delays. As a practicing Chartered Accountant in Dwarka, Delhi, we often encounter persons who unknowingly make common mistakes while filing their ITR — mistakes that can easily be avoided with the right guidance.
In this post, we’ll walk you through the top 6 mistakes you should avoid while filing ITR —

Choosing the Wrong ITR Form

Each type of taxpayer (salaried, business, freelancer, etc.) has a specific ITR form prescribed by the Income Tax Department. Filing your return using the wrong ITR form may lead to it being treated as defective, and you’ll have to re-file.

🔍 Example: A salaried person with capital gains must use ITR-2, not ITR-1

Failing to Report All Income Sources

 Many people only report salary income, forgetting other sources like:

• Interest from savings accounts or FDs
• Rental income
• Freelance or side gig income
• Capital gains from mutual funds or shares

🔍 Missed income can result in under-reporting and notices under Section 139(9).

 ✅ Tip: Gather all Form 16, 26AS, AIS, and bank statements before filing.

Mismatch in TDS Details

If the TDS (Tax Deducted at ource) reflected in your Form 26AS doesn’t match your ITR, your return might not process properly, or refunds may get stuck.

🔍 Common in cases where PAN was not updated with banks or employers.

✅ Fix: Always reconcile Form 26AS with your declared income.

Mismatch in Information as per AIS and TIS

The Income Tax Department provides two powerful data summaries:

• AIS (Annual Information Statement): A comprehensive summary of financial transactions
• TIS (Taxpayer Information Summary): A simplified version for quick reference

A mismatch between your ITR and either of these can lead to scrutiny or delays in processing.

🔍 Example: If you earned interest income not declared in ITR but it appears in AIS, it could trigger an inquiry.

✅ Tip: Review both AIS and TIS carefully before final submission and reconcile any differences. You can download them from your account on https://incometax.gov.in.

Missing the Filing Deadline

Many taxpayers wait till the last week of July (or the extended deadline) and risk:

• Late filing fee under Section 234F
• Loss of carry-forward benefit on losses
• Interest on tax dues

✅ Pro Tip: File your return early to avoid the last-minute rush and server errors.

Incorrect Bank Account or IFSC Code

Refunds get delayed or rejected if bank account details are not entered correctly or the account isn’t pre-validated on the income tax portal.

✅ Action Step: Make sure your bank account is:

• Active
• Linked with PAN
• Pre-validated for refund on https://incometax.gov.in

Final Thoughts

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