ITR Filing Tips: 7 reasons why your ITR form gets rejected
Here are seven common reasons why your ITR form might get rejected.
lifestyle Jul 17 2024
Author: Richa Barua Image Credits:our own
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Incorrect Personal Information
Name, PAN, address, email, and phone number errors might result in rejection. Enter all information correctly according official records.
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Mismatch in Income Details
Income discrepancies between your ITR and your employer's or other sources might lead to rejection. Double-check all income sources against Form 16 or other papers.
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Incomplete Income Disclosure
Rejection may result from not disclosing all income sources, such as savings acc, FD, rental, and investment income. Form sections for taxable income should contain all income.
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Incorrect Tax Calculation
Rejection might occur from inaccurate tax liability calculations, deductions, exemptions, or tax rates. Tax rules and standards need the precise tax calculating approach.
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Non-filing of Mandatory Schedules
You must complete Schedule DI for investment data and Schedule IT for adv tax and self-assessment tax payments based on your income and deductions.
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Failure to Verify the Return
Not checking your ITR after submitting it might result in rejection. After e-filing, CPC can verify the ITR-V form with Aadhaar OTP, net banking, or a signed form within 120 days.
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Late Filing or Incorrect Form
Filing your ITR late or using the wrong income source form might also lead to rejection. Use the right form for your income and file by the Income Tax Department's deadline.