Common Mistakes People Make When Filing Income Tax Return
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Filing your income tax return (ITR) can be difficult, and even little errors might result in fines or processing delays. Let's look at a few typical errors individuals make and how to prevent them. Before diving into the detailed discussion of this topic, if you are looking for the best place to get professional help with the Income Tax Return Filing or Income Tax Filing process, reach out to Eazy Startups, India. Now, let's have a look at the detailed discussion:- 1. Choosing the Wrong ITR Form 2. Missing Out on Additional Income Sources 3. Incorrect Personal Details 4. Ignoring Eligible Deductions and Exemptions 5. Failing to Keep Documentation 6. Filing at the Last Minute 7. Forgetting to Verify the Return 1. Choosing the Wrong ITR Form: Making use of the appropriate ITR form is crucial. Forms vary according to income, such as capital gains, business revenue, or pay. Using the incorrect form may lead to processing problems and...