Tax Return Tips: Avoid These 6 Common Tax Filing Mistakes
6 Mistakes to avoid when filing your Tax Returns

#1 Using the wrong ITR form

Double-check which form applies to your income type and file accordingly

#2 Providing incorrect personal information

Verify your personal details, such as your name and Aadhaar number before filing your return

#3 Providing incomplete or incorrect bank details

Recheck your bank account information to ensure seamless refunds

#4 Not reconciling your ITR with your AIS and TIS

Cross-check all the relevant financial documents before submitting the return

#5 Providing incorrect or incomplete information on TDS/TCS credit

Ensure that all TDS/TCS credit details are correctly entered and matched with Form 26AS

#6 Failing to verify your ITR

Don’t forget to e-verify your return of income within 30 days of filing it

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This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empanelled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.