Mistakes you should avoid while filing your income-tax return this year

An incorrect form can render the return defective; under certain circumstances, you may have to file a return even if your income is below the exemption limit

The due date for filing income-tax return for the financial year 2019-20 has been extended by another month to December 31, 2020. While the deadline is now over two months away, you should not kick the can down the road and leave this task for the last minute. Begin gathering all the necessary information and documents and complete it while you have time on your side. 

Select the right form 

This year the Income-Tax (I-T) Department has notified seven forms—from ITR 1 to ITR 7. Select the right one, based on your income level, sources of income, and other criteria (see table). 

Selecting