New Delhi – The Income Tax Department has officially released all Income Tax Return (ITR) forms for Assessment Year 2025–26 (FY 2024–25). As the return filing process begins, the Central Board of Direct Taxes (CBDT) has urged taxpayers to avoid common filing mistakes to ensure smooth processing.
These new forms reflect key changes introduced under the latest Finance Act, including provisions related to long-term capital gains (LTCG), foreign assets, and investment income.
⚠️ Top Mistakes to Avoid While Filing ITR in 2025
📌 1. Mismatch in Income Details
Ensure that your income declared in the ITR matches data in:
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Form 26AS
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Annual Information Statement (AIS)
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Taxpayer Information Summary (TIS)
Any mismatch may result in scrutiny or delay in processing.
Also Read: Choose the Correct ITR Form – Click Here
📌 2. Filing the Wrong ITR Form
Choose the correct ITR form depending on your income type:
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ITR-1 (Sahaj): For salaried individuals with income up to ₹50 lakh
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ITR-2/3/4: For those with capital gains, business income, or presumptive taxation
Incorrect form selection can lead to rejection or legal notices.
📌 3. Not Reporting All Sources of Income
Always report:
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Savings & FD interest
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PPF interest
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Dividend income
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Agricultural income
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Rental income
Even if certain income is tax-exempt, non-disclosure can attract penalties.
📌 4. Incorrect Deductions Claimed
Claim deductions under the correct sections like:
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80C (LIC, PPF, ELSS, etc.)
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80D (Health insurance)
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80G (Donations)
Ensure you have valid documents or proofs for all claimed deductions.
📌 5. Not Verifying the ITR
Filing is not complete unless you verify your ITR within 30 days. You can:
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Verify electronically via Aadhaar OTP, Net Banking, or EVC
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Or send a signed copy of ITR-V to CPC Bengaluru
📌 6. Not Disclosing Foreign Assets
If you hold foreign bank accounts, shares, or properties, they must be reported in your ITR if you are a resident Indian. Non-disclosure may lead to prosecution under the Black Money Act.
📌 7. Ignoring Advance or Self-Assessment Tax
Ensure you include all advance tax or self-assessment tax paid. If not reported correctly, it may show up as tax due or result in refund issues.
📌 8. Using Old or Outdated Forms
Always download the latest version of the ITR form from the official e-filing portal. Outdated forms may cause validation errors and rejections.
🧾 Summary
The Income Tax Department has enabled return filing for FY 2024–25. Taxpayers should file early, choose the correct form, and verify their income and deductions properly to ensure a smooth, penalty-free experience.
