10 things to know before filing the ITR

1. Choose the correct ITR form. There are 7 ITR forms in total.

10 things to know before filing the ITR

2. Make sure you have your From-16 before filing the ITR (in case of employees)

10 things to know before filing the ITR

3. Firstly, remember that not filing ITR when you are liable to pay tax can result in legal action by the authorities. Please remember that your every transaction is being recorded.

10 things to know before filing the ITR

4. Before claiming an Income Tax refund, please make sure that you have the necessary documents before claiming the refund.

10 things to know before filing the ITR

5. Make sure you choose the correct assessment year and provide the correct bank details. Otherwise, it might lead to a delay in the tax refund.

10 things to know before filing the ITR

6. Please make sure you mention all sources of income.

10 things to know before filing the ITR

7. Claim deductions under the appropriate section.

10 things to know before filing the ITR

8. Though the Income Tax dept provides pre-filled forms to make the process hassle-free, make sure you have all the documents handy in case of double verification.

10 things to know before filing the ITR

9. Compare the tax deducted in both forms 16 and 26AS while filing your income tax return.

10 things to know before filing the ITR

10. The last date for filing ITRs is 31st July. So, those who haven't buckled up.

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