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Most Asked Questions About ITR Filing

Top ITR Filing FAQs Answered by Experts

Whether you’re filing your first Income Tax Return (ITR) or you’ve been doing it for years, chances are you’ve had a few questions along the way. To make things easier, we’ve compiled a list of the most frequently asked questions about ITR filing in India—with clear, expert-backed answers.

Let’s break down the confusion and get you filing with confidence.

1. Who needs to file an ITR?

Anyone whose total income exceeds the basic exemption limit must file an ITR:

  • ₹2.5 lakh for individuals below 60

  • ₹3 lakh for those aged 60–79

  • ₹5 lakh for 80+ senior citizens

Also, you must file if you:

  • Want to claim a TDS refund

  • Have foreign assets or income

  • Want to carry forward losses

  • Made high-value transactions (as per AIS/Form 26AS)

2. What is Form 16 and why is it important?

Form 16 is a TDS certificate issued by your employer showing:

  • Salary paid

  • Tax deducted

  • Deductions claimed

It’s essential for salaried individuals to file their returns accurately.

3. Which ITR form should I use?

Here’s a quick guide:

  • ITR-1: Salaried individuals, income up to ₹50 lakh, one house property

  • ITR-2: Capital gains, multiple properties, foreign assets, income > ₹50 lakh

  • ITR-3: Business or professional income

  • ITR-4: Presumptive business income under sections 44AD, 44ADA

Use the Income Tax portal’s form selection tool or consult a CA to be sure.

4. What happens if I miss the ITR deadline?

You can still file a belated return by December 31, but:

  • You’ll be charged a late fee up to ₹5,000

  • You can’t carry forward losses

  • Refunds may be delayed

Timely filing helps you avoid penalties and get faster refunds.

5. Can I file ITR without Form 16?

Yes. You can:

  • Use salary slips

  • Check AIS/Form 26AS

  • Gather details of deductions and bank interest

A CA or tax filing platform like Filing World can help you file accurately without Form 16.

6. Is e-verification necessary after filing?

Yes. Filing isn’t complete until you e-verify your return within 30 days.

You can e-verify using:

  • Aadhaar OTP

  • Net banking

  • Bank/Demat account

  • Electronic verification code (EVC)

7. How can I check my ITR refund status?

You can check it:

Make sure your bank details are correct and verified on the portal to avoid delays.

8. What if I make a mistake in my ITR?

You can file a revised return before December 31 of the assessment year.

It allows you to correct:

  • Typing errors

  • Missing income or deductions

  • Mismatches in Form 26AS

9. Do I need to keep any documents after filing ITR?

Yes. Keep for at least 6 years:

  • Form 16, Form 26AS

  • Proof of deductions (ELSS, LIC, PPF, etc.)

  • Capital gains documents

  • Rent receipts, home loan statements

These may be needed if the IT Department seeks clarification or scrutiny.

10. Can I get help with ITR filing?

Absolutely. Many taxpayers now rely on CA-assisted filing services to:

  • Choose the correct form

  • Avoid errors and penalties

  • Maximize deductions

  • Handle business or capital gains income

Filing Still Confusing? Let Filing World Guide You

🧾 Get Expert Answers and Personalized Filing Support

At Filing World, our CAs and tax pros help you:

  • Choose the right ITR form

  • File accurately, even with multiple income sources

  • Claim your rightful deductions and refunds

  • E-verify and track refund status

  • Fix errors, revise returns, and handle notices

💼 Trusted by Thousands Across India

Whether you're a salaried employee, freelancer, investor, or senior citizen — we're here to help you file with confidence.

 

👉 Still have questions? Filing World has answers. Talk to an Expert Now