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Preparing To File ITR? Avoid These Five Common Mistakes For Accurate Tax Reporting

  • Filing ITR can be a complicated process, particularly for first timers or those with multiple income sources.
  • To avoid common mistakes, taxpayers should confirm their personal details, report all income sources, ensure correct tax deductions, calculate tax accurately, and review Form 26AS.
  • Confirming personal details such as name, PAN, address, and bank account details is essential to prevent rejection or delays in the ITR filing process.
  • Taxpayers should also make use of available deductions, select the appropriate tax regime, and review Form 26AS for accurate tax reporting.

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