8 Precautions to Consider While Filing for ITR

The due date to file an income tax return (ITR) is approaching soon; the government has set September 15, 2025 as the deadline date for submission. The government has advised taxpayers to take all precautions, including downloading necessary documents, studying them carefully, checking their originality and filing the return before the due deadline.

The following are the guidelines that taxpayers must know and follow:

1. Select tax regime: Firstly, taxpayers need to carefully select their income tax regime. taxpayers may want to use an income tax calculator to compare the tax computed under both regimes before taking the final call.

2. Download documents: Taxpayers need to download AIS and Form 26AS and check the actual TCS/TDS/tax paid. If any mismatch occurs, taxpayers must resolve it with the employer or tax deductor or bank.

3. Check authenticity: Taxpayers need to make sure the details like PAN, address, contact details, bank details etc. are correct in pre-filled data.

4. Study the documents: Now taxpayers can compile and carefully study documents to be referred to when filing the ITR. These documents include bank statements/passbooks, receipts to claim exemption or deduction, interest certificates, Form 16, Form 26AS or investment proof, etc.

5. Choose the right form: Taxpayers must carefully identify the correct return form, from ITR-1 to ITR-7.

6. Provide details: Taxpayers make sure to provide all the details in the return, including total income, deduction, interest, tax paid or collected, etc. also It is important to make sure that no documents are attached along with ITR-1.

7. Before the due date: E-file the income return on or before the due date, which is September 15, 2025. Late returns have high consequences like late filing fees, losses not being carried forward, and deductions and exemptions not being available.

8. E-verify the return: After e-filing the return, taxpayers must make sure to e-verify it. If taxpayers want to manually verify the return, then send the signed physical copy of ITR-V Acknowledgement within the appropriate timeframe of filing the return to Centralised Processing Centre, Income Tax Department, Bengaluru 560500 (Karnataka).