ITR Filing: Want refund on time? Do not make these 5 mistakes while filing ITR, otherwise you may get notice!

ITR Filing: The process of filing Income Tax Returns (ITRs) for the financial year 2025-26 (assessment year 2026-27) is underway. The deadline for individual taxpayers filing ITR-1 and ITR-2 is July 31, 2026, while for those filing ITR-3 and ITR-4 it is August 31, 2026. Experts say that even a small mistake while filing returns can land taxpayers in trouble like notice from the Income Tax Department, delay in refund, or extra tax and penalty.

wrong ITR form

While filing ITR, it is very important to first choose the right form. Different ITR forms have been prescribed for every taxpayer depending on his income and profession. For example, ITR-1 is for salaried employees and those whose income is limited, while ITR-3 is for those who earn income from business or profession. If a person fills the wrong form as per his income, the Income Tax Department can declare his return defective. In such a situation, the taxpayer may receive a notice and may have to file the correct return again.

Assessment year information

Sometimes, in a hurry, taxpayers get confused with the Financial Year (FY) and Assessment Year (AY). The correct assessment year for the financial year 2025-26 is 2026-27. Choosing wrong assessment year in the return can cause problems in return processing. Additionally, choosing the wrong year may result in errors in tax records, which may need to be cleared later. Therefore, please check this information before submitting the return.

personal details

It is very important to fill personal information like name, address, mobile number, email ID, PAN number and date of birth correctly in the ITR form. This information should match the details recorded in the PAN database. Any discrepancy in the information may impact return processing. Taxpayers who are getting refund should also enter information like bank account number and IFSC code carefully. Incorrect bank details may cause the refund to be delayed or returned.

All sources of income

Many taxpayers declare only salary income and forget to declare income from other sources. This is one of the most common and serious mistakes. It is important to declare interest on savings account, fixed deposit interest, rental income, capital gains from shares or mutual funds and all other sources of income. Even if some income is tax-free, it will still have to be declared in the return. Hiding income increases the chances of getting a notice if it does not match with the department’s data.

Pay attention to the format

Information in ITR form should be filled in a prescribed format only. Incorrect filling of date, bank details, income figures and other details can lead to errors in returns. For example, the date should always be filled in DD/MM/YYYY format. Similarly, other columns should also be filled as per instructions. It is best to double-check all the information before submitting the return.

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