Top 7 tax filing mistakes to avoid being punished!

The due date for the filing of Income Tax returns is very close to us. For the benefit of the uninitiated, it is July 31. It must be stressing you a lot and you are anxious about the whole process of return filing. You must have also been under great tension to avoid the tax filing mistakes.

If you already have Form16 with you then your job is pretty easy. However, if you don’t have Form16 then also don’t worry and refer this to file your Income Tax Return even if you don’t have Form16 with you.

On account of this, errors or omissions in the return cannot be ruled out.

Hence, to avoid the tax filing mistakes, it is very important that you take utmost care while filing your tax returns as committing even the smallest of errors may make you repeat the process by the way of a revised return.

Given below are some of the very common mistakes that can be committed while filing the return. But if you take a little bit of care you can easily avoid these tax filing mistakes:

1. Filing wrong ITR form

Correct Tax Form @ www.lightlybrowse.comYou should be careful while selecting the ITR form applicable to you and it should be based on your income and its sources, you should select the relevant ITR form.

Failure to choose the correct form will result in non-processing of your return.

The income tax department might consider this as a defective return and will ask you to file a revised ITR with correct form.

For example, if you are an individual having income from business or profession, you will have to file ITR-3, while if you have salary income below Rs 50 lakh and no capital gains income, the appropriate form is ITR-1.

Interestingly, if you are doing your returns through any of the available online tax filing platforms they will assist you and help you to choose the appropriate return for you based on the income details you provide.

2. Incorrect personal details

tax filing mistakes @

All of your personal details such as your name, Aadhaar number, phone number, date of birth, address, e-mail ID, etc., should be correctly filled at the proper place  in the income tax return.

You should also ensure that the details are tallying with your PAN.

Make sure that the bank details provided are accurate to receive your refund hassle free in case if you are claiming any refund.

Also, you should report details of all the bank accounts held by you except dormant accounts (inactive accounts for past three years). This is very important.

3. Not disclosing income from last employment

Income from your previous job should be positively disclosed in the income tax return if you have switched jobs in between the financial year.

If any income is not reported, you will be penalized for under-reporting and/or misreporting of income.

4. Not clubbing incomes

If you have invested in the name of your minor child or given money to your spouse for investment, the income coming from those investments are to be added to your income.

The same has to be disclosed in your income tax return in case such income is not offered by your spouse in her/his tax return.

5. Non-reporting of income from all sources

Income Heads @

You are required to disclose all the incomes you have earned in any financial year, even if it is exempt under the Income Tax Act.

For example, interest income from savings bank account is allowed as a deduction under section 80TTA. It is up to Rs 10,000 and should be disclosed.

This proves the transparency about your income. Therefore the thumb rule is to disclose and then claim an exemption in the return itself.


6. Failure to reconcile 26AS, Form 16 and Form 16A

Reconcile Form 26AS and Form 16 @ www.lightlybrowse.comYou are advised to reconcile the income and taxes mentioned in Form 26AS with details appearing in Form 16 and Form 16A.

Form 26AS includes all incomes, taxes deducted thereon, advance taxes if any and self- assessment tax.

Form 16/Form 16A is the certificate as the proof of taxes deducted on the incomes earned by you and you should have received them from the your tax deductors.

You should address any mismatch in between Form 26AS, Form 16/Form 16A before you get started with filing your return.

7. Failure to verify ITR-V

ITR-V @ www.lightlybrowse.comAfter the above 7 steps are over, you are now ready to file your income tax return. You may either go to the e-Filing Home Page, Income Tax Department, Government of India (which is free) or use any other 3rd party service provider (of course on a chargeable basis) to file your return.

Your filing process, however, is not over by just uploading your income tax return. You must verify your return.

Now, that the verification process has also been highly simplified with the introduction of e-verification, there is no reason for you to miss out on this process.

You can go ahead and e-verify your ITR-V (acknowledgement) via net banking, Aadhaar OTP, or through EVC process on your registered mobile number or e-mail.

If you are unable to complete e-verification, you can sign and send the ITR-V to the CPC via speed or ordinary post. This has to be sent with 120 days of filing income tax return.

The income tax department will start processing your return only after the return is verified. Otherwise, it will equal to non-filing of your return.


To conclude, it is always advisable to take that extra care while filing your return to avoid the common tax filing mistakes and make it error free.

Yet, to err is human and the Government and the IT department has laws that provide for revision of a return for correcting tax filing mistakes in the return by allowing you to file a revised return. And this needs to be done before the end of the relevant assessment year.

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