ITR filing deadline 2026: Are you filing the correct ITR form? Experts reveal the mistakes salaried taxpayers make most
Many salaried taxpayers mistakenly assume ITR-1 is correct for all salaried individuals, but additional income like capital gains, rental income, or foreign assets may require a different form.
Choosing the wrong ITR form can result in a defective return, refund delays, or notices from the Income Tax Department.
Adhil Shetty, CEO of BankBazaar, advises taxpayers to review all income sources (capital gains, rental, interest, foreign assets) before filing, not just rely on the previous year's form.
Even a single transaction can change the applicable ITR form, so using last year's return as a template without checking changes is a common error.
The July 31, 2026 deadline for AY 2026-27 ITR filing approaches; last-minute filing risks technical issues and insufficient time to resolve discrepancies.
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