Keep these important things in mind while filing Income Tax Return

New Delhi If you are going to file Income Tax Return (ITR), then it may prove beneficial to know some important things. By filing ITR with complete preparation, you can get Refund quickly, as well as there will be no problem. The last date to file ITR is 31 December 2020. Today, you are telling about these important things. The most important thing is to show your income perfectly, if you do not do this then you may face trouble.

Fill in the income shown in Form-16
If you are working in a company, then you should file income tax return as per Form-16. First of all, take out the taxable income from your gross salary. Only then file ITR.

Fill in active bank account
The Income Tax Department sends your refund directly to your bank account. In this case, before filling the bank details, in addition to checking the status of your account, get it pre-validated. If you do not do this, you may face difficulty in getting refund.

Make sure to cross check your personal details
While filing ITR, please check your personal details. If the name, address, email id and mobile number are wrong then you may get the most trouble. To avoid mistakes in all this, use your Aadhaar and PAN card. It is mandatory to have the same detail in all of them.

Include expensive gifts in ITR
If someone has given you an expensive gift, which is worth more than 50 thousand, then you have to give information about it while filing ITR. According to the rules of the Income Tax Department, in the year you have received a gift worth more than Rs 50 thousand, then the department will have to give information about it. If you do not do this, you may get a notice.


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