17/06/2026
🚨 ATTENTION ALL TAXPAYERS! 🚨
Are you making these Mistakes? The July 31 deadline is approaching fast, but filing in a hurry could cost you BIG TIME! ⏰💸
If you make a simple error, you could be staring at a , a stuck refund, or even a full-blown . With the IT Department using AI and data from AIS, banks, and brokers, even small mismatches are being flagged instantly! 🕵️♂️💻
⚠️ TOP MISTAKES THAT TRIGGER TAX NOTICES (AY 2026-27):
❌ Blindly trusting AIS: Don't just copy-paste! Always cross-check with your own bank statements and Form 26AS.
❌ Picking the WRONG ITR Form: If you have capital gains, foreign assets, or crypto (VDAs), choosing the wrong form means a "Defective Return" notice.
❌ Forgetting "Zero TDS" Income: Just because TDS wasn't deducted doesn't mean you don't have to report it! All income must be disclosed.
❌ Capital Gains Errors: Mismatches in share, mutual fund, or property sales are the #1 reason for queries. Reconcile your broker statements!
❌ Hiding Foreign Assets/Income: This is a red flag for the department. Report everything accurately.
❌ Ignoring "SFT" Transactions: Big spends on credit cards, foreign trips, or large cash deposits? The department already knows! Ensure your income justifies your lifestyle.
💡 YOUR QUICK CHECKLIST TO AVOID DELAYS:
✅ Reconcile AIS, TIS, and 26AS before you submit.
✅ Report ALL income sources (salary, interest, business, capital gains).
✅ Maintain digital proof for all high-value transactions.
✅ DON'T FORGET: E-verify your return within 30 days! Otherwise, your refund will be stuck in limbo.
The CBDT has already marked specific cases for mandatory scrutiny this year. Don't let a silly typo put you under the radar! 🎯
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👇 Drop a "💯" in the comments if you have already reconciled your AIS!