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Monday, 10 March 2014

Few Common Mistakes To Avoid While Filing Taxes

While preparing the income tax return, one should make sure about the correctness of the data provided, as incorrect and incomplete data can result in problems for you.

  • a) Correct assessment year should be entered.
  • b) Correct PAN number should be entered.
  • c) Correct bank details must be entered.
  • d) Income from all sources must be entered.
  • e) Enter all taxes paid and deducted.
  • f) Tally all taxes deducted and taxes paid with form 26AS
  • g) All TAN numbers of tax deductor must be entered properly.
  • h) Pay all your taxes before filing your returns.

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