ITR for FY2025-26: 10 Errors That Cost You Money
Filing your income tax return for FY 2025-26? Common mistakes like wrong regime selection, missing Form 26AS mismatches, or skipping bank pre-validation can trigger notices or delay your refund by months. Here is what to avoid.
A wrong bank IFSC code can hold up your ₹15,000 refund for 6+ months — longer than a fixed deposit cycle.
Any one of these ITR errors can trigger a tax notice or delay your refund
Key Takeaways
Download your AIS (Annual Information Statement) from incometax.gov.in and match every income entry — salary, interest, dividends, freelance — before filling in any ITR form.
Pre-validate your bank account on the Income Tax portal right now so your refund, if any, is credited without delays — mismatched IFSC or closed accounts are the #1 refund hold-up.
Decide your tax regime (old or new) using a calculator before filing — once submitted, you generally cannot switch regimes for that assessment year if you have business income.
Filing your income tax return for FY 2025-26? Common mistakes like wrong regime selection, missing Form 26AS mismatches, or skipping bank pre-validation can trigger notices or delay your refund by months. Here is what to avoid.
Here's what happened: ITR filing for FY 2025-26 (AY 2026-27) is now open, with the standard deadline of July 31, 2026 for salaried individuals.. The Income Tax Department's AI-driven scrutiny system now cross-checks your ITR against Form 26AS, AIS, and TIS automatically — any mismatch flags your return instantly.. Choosing the wrong tax regime (old vs new) at filing time, especially if you missed declaring it to your employer, is one of the top reasons for excess tax demand notices this season..
What you should do: Download your AIS (Annual Information Statement) from incometax.gov.in and match every income entry — salary, interest, dividends, freelance — before filling in any ITR form.. Pre-validate your bank account on the Income Tax portal right now so your refund, if any, is credited without delays — mismatched IFSC or closed accounts are the #1 refund hold-up.. Decide your tax regime (old or new) using a calculator before filing — once submitted, you generally cannot switch regimes for that assessment year if you have business income..
Your Form 26AS and AIS may show income you forgot — like savings account interest above ₹10,000 or even a property sale. The tax department already has this data. Declare it first or expect a notice.
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- [1]“Filing ITR for FY 2025-26? Avoid these 10 mistakes to prevent notices, refund delays and extra tax” Wealth-Economic Times · 14 Jul 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.