ITR Filing Checklist: Never do this mistake while filing return, otherwise…

[ad_1]

ITR Filing Checklist: You should also file Income Tax Return. On filing income tax on the last date, you may have to face many problems. Because the server gets down at the last moment.

The last date for filing income tax return is about to come. There will be many people who have not yet filed the return. July 31 is the last date to file ITR. Action is taken by the Income Tax Department against those who do not file ITR on time.

That’s why you should also file income tax return as soon as possible. After the last date for filing income tax, you may have to face many problems. Because the server gets down at the last moment. Along with this, the possibility of making many mistakes also increases.

Avoid These Mistakes While Filing Returns (ITR Filing Checklist)

• If you are employed then you must have Form 16. Which is given to you by the company. In this form, you have complete information about the tax applicable on your salary.
• It is also important to check Form 26AS before filing the return. Which contains all the information. If there is any wrong information then it may take 7 to 10 days to get it corrected. So start the process of filing income tax return well in advance.
• You will also need an annual information statement. So prepare for it in advance.
• If you have invested in any stock or mutual fund, then you have to know about capital gain.
• You will have to provide information about all sources of your income. Like earning from interest, investing in crypto, its information or other earnings. You have to give all the details.
• While filing income tax return, if you have given incomplete information or have not mentioned any income, then you may have to face problems for that too.
• Do not file income tax return in haste. After filling the form it is necessary to read it several times.

[ad_2]

Source link