Archive · 19 Jul 2025
Expert Warns of Tax Return Errors, Stresses Careful Filing
Filing your taxes correctly is super important!
A tax expert says you need to double-check all your information before submitting your tax return.
This includes checking things like your bank statements, and investment records.
You also need to decide which tax plan you want to use, the old one or the new one, and make sure you choose it correctly on your tax form.
If you make mistakes, you might get a notice from the government or even have to pay extra.
Always match your information and ask for help if you need it to make sure you get it right.
Experts advise careful filing of income tax returns to avoid notices and penalties.
Matching information from AIS, TIS, Form 26AS, and other statements is crucial before filing.
Choosing the correct tax slab (old or new) is essential to receive the desired benefits.
Accurate reporting of capital gains from mutual funds and shares is vital to avoid errors.
Filing returns with incorrect information can lead to penalties or investigations.
- Who
- CA Deepak Maheshwari, a senior income tax practitioner, along with other tax experts.
- What
- Experts are emphasizing the importance of accurate filing of income tax returns to avoid penalties and scrutiny.
- When
- Recently, experts gave advice on how to file income tax returns.
- Where
- Indore, Madhya Pradesh, where a seminar organized by Tax Practitioners’ Association (TPA) was held.
- Why
- To avoid penalties, investigation and to ensure accurate tax filing.
Taxpayer's Perspective
Tax Department
Focus on accuracy
Taxpayer's Perspective
Ensuring accurate filing to avoid penalties and unnecessary complications.
Tax Department
N/A
- Expert
- CA Deepak Maheshwari
- Organization
- Tax Practitioners’ Association (TPA)
- Location
- Indore, Madhya Pradesh
- Key Advice
- Match AIS, TIS, Form 26AS, bank, demat and mutual fund statements
- Consequence of Errors
- Notice, re-assessment, penalty, or investigation