How to file an Income tax return - KVGC Business Consulting

Step 4: Report Income

Enter details of salary income, house property income, business income, capital gains, interest income, or any other applicable sources.

Step 5: Claim Deductions

Claim eligible deductions under various sections such as 80C, 80D, 80G, and others to reduce your taxable income.

Step 6: Verify Tax Liability

The system automatically calculates your tax payable or refund based on the information provided.

Step 7: Submit and E-Verify

Review all entries carefully before submitting the return. Complete the e-verification process using Aadhaar OTP, net banking, or other available methods.

Common Mistakes to Avoid While Filing Income Tax Returns

Even a small mistake can delay your refund or trigger a notice from the Income Tax Department. Some common errors include:

• Selecting the wrong ITR form
• Entering incorrect PAN or Aadhaar details
• Forgetting to report interest income
• Claiming deductions without supporting documents
• Not verifying the return after submission
• Ignoring Form 26AS or AIS before filing
• Providing incorrect bank account details for refunds

Double-checking your information before submission can save significant time and effort later.