How to file ITR Online: Central Board of Direct Taxes has recently given a major relief to taxpayers, the deadline for filing income tax returns for the financial year 2018-19 is September 31, 2020. Has extended to In such a situation, those who have not filed their ITR for the financial year 2018-19, can file online ITR by September 2020. However, there are some things to keep in mind while filing returns. Because, mistakes made inadvertently can cause you huge losses. According to the return expert, you should be careful while filling the ITR.
First choose the correct ITR form
There are different types of forms for filing income tax returns, these include ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7. Before filing ITR online, you need to choose the correct form. You have to choose your fixed ITR based on the means of your income. Otherwise the Income Tax Department will reject it.
Information of interest
While filing ITR, please provide information about the interest received on the savings account. Failure to do so will result in tax evasion and action may be taken against you.
Correct income information
If you have left one job and joined another place, then the details of income from both companies will have to be given in the ITR while filing the return. You must take Form 16 from the employer of both your previous and present companies. Form 16 ensures that your returns take the least time and contain the least mistakes.
Correct personal information
While filling the ITR form, fill all the information correctly. Information like name spelling, full address, email, contact number should be same in your PAN, ITR and Aadhaar. Enter the same mobile number on which the SMS can arrive. The department can take action against you for giving incorrect information.
Do not give fake information
Never give false or bogus information in returns to avoid tax. Many times fake fee receipts, fake rental receipts, bills, loan papers, fake investment receipts, etc. are also used in the name of children’s education. In such a situation, the department can take action on you.