YOUR MONEY: Filing ITR? Mistakes you need to avoid
By Neha Malhotra
Income Tax Return (ITR) is a self-declaration form, in which taxpayers are required to furnish the details of their income and tax payable. Let us discuss the major mistakes that can be easily avoided while filing ITRs. Inaccuracies
In a bid to get tough on tax evaders and ease-out the transition to faceless assessment, the ITR forms have been modified to seek additional information from the taxpayers. The ITR forms are now auto-populated with the information already available with the tax department. Incomes like interest, dividend, salary, as reflected in Form 26AS are pre-filled, in addition to details furnished to the employer and reported in Form 16. Bank account linked to the PAN of the taxpayers/ bank account opted for
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