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This time for the FY 2024-25, IT Department has implemented stricter AI-based model to verify ITRs, particularly those claiming high or 100% refunds. Processing only occurs after checking, invalid claims halt it. Even if ITR processed by CPC, it does not confirm that everything in the return is cor
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The IT Department has implemented a stricter AI-based model to verify ITRs, especially those claiming high or 100% refunds, to ensure accuracy and prevent invalid claims.
A mismatch in income figures between Form 10E/Relief Form 89 and previous years' actual ITRs can cause the IT Department to halt ITR processing until the error is corrected.
No, commission income cannot be filed under Section 44AD. It requires proper books of accounts and cannot be treated as presumptive income. Past years' TDS cannot be claimed in the current year for commission income.
Filing the wrong ITR form, such as ITR-1 for share market income (which requires ITR-2/ITR-3), may lead to initial processing but can result in a later faceless assessment notice, requiring submission of detailed financial documents and potentially causing tax and penalty issues.
If mistakes are found, taxpayers should revise their ITR before the deadline (e.g., December 31, 2025) to avoid penalties and interest. This includes correcting claimed deductions, matching income with AIS/TDS, and ensuring adherence to the correct tax regime rules.
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