Filed Wrong ITR in 2025? Here’s How to Correct Mistakes Without Paying Penalty Before December 31 The deadline to file Income Tax Returns (ITR) for the financial year 2024–25 (assessment year 2025–26) ...

The annual income tax return (ITR) filing exercise is often tedious, as it involves a lot of paperwork, complex forms, rules and often glitches in the annual information statement (AIS) and even ...

Taxpayers across the country are increasingly filing incorrect and incomplete ITR forms, this has resulted in triggering ‘defective return’ notices under Section 139(9) of the Income Tax Act over ...

ITR filing mistakes: Tax advisory platform Tax Buddy recently highlighted a real-world case study to caution taxpayers about the importance of verifying their Annual Information Statement (AIS) before ...

Fix discrepancies in AIS before filing your return to avoid penalties and notices. AIS is more detailed than Form 26AS—it captures data from multiple financial systems.

Tax Return Issues And Delays 2025: Tax returns this year have caused a state of confusion. The deadline for submitting Income Tax Returns (ITR) for AY 2025-26 ended on September 16, 2025, and a ...

The last day for ITR filing is upon us. Here’s a breakdown of frequent errors and how to avoid them in a last-minute rush to meet the deadline. With the due date for filing income tax returns (ITR) ...

ITR form: If you end up filing the wrong ITR form, it is advisable that you don’t panic, because the Income Tax Department lets you file a revised return. (Image: Canva) For most taxpayers, filing an ...

The Income Tax Return - Updated (ITR-U) is a new form introduced by the Income Tax Department under Section 139(8A) of the Income Tax Act. It was launched via the Finance Act 2022 and later updated in ...

Taxpayers can now file updated income tax returns (ITR-U) in ITR-1 and ITR-2 for the assessment years (AY) 2021-22 and 2022-23 as per the Finance Act, 2025. The Income Tax Department has now made ...