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IT department has extended the last date of filing to September 15, 2025, though taxpayers must file as soon as possible to avoid last minute glitches and rush.
Income Tax Return Filing 2025
Income Tax Return Filing FY 2024-25: The Income Tax Department has been working to simplify the e-filing of income tax returns for taxpayers. One such initiative is the introduction of pre-filled ITR forms. If you have been filing tax returns, you may have noticed that these forms have been pre-filled on the tax portal for several years now.
This information is collected from various sources, such as your bank account, Aadhaar, and other financial institutions.
The goal of pre-filled ITR forms is to enhance accuracy, encourage timely filing, and reduce the compliance burden on taxpayers.
The process of electronically filing Income-tax Return forms has evolved over time. Each year, the Central Board of Direct Taxes (CBDT) introduces new features to improve user experience, reduce revenue leakage, and ensure full compliance.
What Does Pre-filled ITR Include?
The pre-filled ITR typically contains:
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Personal details: Name, PAN, Aadhaar, address, contact info
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Salary income: From Form 16 submitted by your employer
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Bank interest: Based on Form 26AS and AIS data
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Dividend income: If reported by companies or mutual funds
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Capital gains: From sale of shares/mutual funds (if reported by brokers)
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Tax deductions: Like Section 80C, 80D, if declared earlier
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TDS/TCS details: From Form 26AS
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Advance/self-assessment tax paid
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Bank account details: For refunds or payments
It is advisable to always check and cross verify the pre-filled data with your own documents (Form 16, AIS, 26AS, broker statements, etc.), though it makes filing easy and hassle-free.
Common Errors Or Gaps To Watch For
Taxpayers must check:
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Dividend income or capital gains might be underreported
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Interest from fixed deposits sometimes missing
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Deductions under 80C, 80D, etc. may not be filled
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Job switchers: Form 16 may not be complete if they worked for multiple employers
With the opening of utilities for form-1 to Form-4, taxpayers can file tax. IT department has extended the last date of filing to September 15, 2025, though taxpayers must file as soon as possible to avoid last minute glitches and rush.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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