How to Avoid Common Mistakes When Filing Your Income Tax Return Online
If done correctly, filing your Income Tax Return Online can be straightforward. However, many taxpayers make common mistakes that can lead to delays, penalties, or even audits.
Filing your Income Tax Return Online is not just a legal obligation; it also plays a crucial role in your financial health. Accurate filing can lead to the following:
Timely Refunds: Correctly filed returns expedite refund processing.
Avoiding Penalties: Errors can result in fines and interest on unpaid taxes.
Building Creditworthiness: Consistent tax compliance enhances your credit profile.