Blog Income Tax Consultant

3 Common Mistakes to Avoid While Filing Income Tax Returns

Every working individual must file an ITR under the tax laws. However, the process is tedious and complex. Any ordinary person is bound to commit mistakes while filing the ITR forms. But with a strict deadline, these unintentional mistakes can cause further delays. A professional income tax consultant in Kolkata can assist you in these situations. They handle all the paperwork, ensuring you do not attract any penalty.  


What is an ITR? 


The tax authorities assess the money you have paid as advance tax and how much you owe as a balance. You can self analyse your earned income and communicate it to the department. It is done via the process of filing an ITR. 


Avoid These Mistakes While Avoiding Income Tax Returns


1. Incorrect personal information 

This is a commonly recurring error that people commit all the time. If you enter incorrect personal information in the form, it will lead to delays. Hence it would help if you were careful while mentioning your name, mail id, address, date of birth and PAN. The details must tally with the documentation. If you want to claim a refund, ensure that your bank particulars are accurate.  


2. Particulars like tax deducted and paid

Since the taxpayers cannot attach any document as proof with the form, they mention the TDS credits. This is the basic information about you that the tax department has. For a smooth tax filing process, check the following – 

  • Mention the correct Tan number of the deductor as per the form 26AS.  
  • Check the challan details like BSR payment code of advance tax and self-assessment tax. 

Even if you make a minor mistake, you will not get the tax credits or a demand notice to rectify the matter. Then, you have to undergo the hassle of filing up a rectification request under section 154. 


3. Using the wrong form 

Those taxpayers who wait for the eleventh hour make the silly mistake of choosing the wrong form. This is deemed defective under the tax laws. Hence you should have a sound knowledge of the applicable forms. 

The tax consultants can simplify the process for you. You should seek their help to manage your ITR files and processing.   


Meet the Expert Tax Consultants 


S.M.Gupta & Co. is a renowned chartered accountant firm in Kolkata.  We offer consultancy services for taxation, advisory, law matters etc. With over 45 years of experience, our team of professionals ensure credibility and consistency for every project.  You can rely on us for tax computation and filing, tax audits, certifications, tax appellate proceedings etc.