Facing rejection of your Income Tax Return (ITR) form can be inconvenient. However, the good news is that by familiarizing yourself with the common reasons for rejection, you can take proactive steps to ensure a seamless filing process. There are several reasons why the Income Tax Department in India might reject your ITR form. Here are a few common ones:
- Non-verifying your ITR: The Central Processing Center (CPC) requires verification of the ITR-V form to authenticate your return. Verification can be done electronically using Aadhaar OTP, net banking, or by sending a signed ITR-V form via physical post. Failure to verify your ITR within the specified timeframe may result in your return being considered invalid and possibly rejected.
By being aware of these common pitfalls and accurately completing the relevant schedules, you can greatly improve your chances of a seamless ITR filing experience and reduce the risk of rejection.