Patna: The filing window for income tax returns (ITR) for assessment year 2025–26 has opened, prompting a surge of early submissions from taxpayers across India. While the process has become increasingly streamlined through digital platforms, chartered accountants are advising caution, warning that filing too early may lead to avoidable errors.
A notable level of activity has been reported among salaried taxpayers in particular, many of whom are opting to complete their returns soon after the portal went live. The online filing system, maintained by the Income Tax Department, has continued to simplify compliance by offering pre-filled forms and faster submission processes.
ITR-1 remains the most commonly used form
According to the Institute of Chartered Accountants of India (ICAI), ITR-1 (Sahaj) continues to be the most widely used form. It is designed for individuals with relatively simple income structures, including salary, income from a single house property, and interest earnings.
Its straightforward format has made it the default choice for many small taxpayers, particularly salaried individuals without complex investments or multiple income sources.
Experts advise waiting for TDS updates
Despite the ease of filing, professionals are advising taxpayers not to rush. The deadline for filing tax deducted at source (TDS) returns falls on May 31, after which the system updates key documents such as Form 26AS and the Annual Information Statement (AIS).
Tax experts say filing before these updates are complete can result in mismatches between declared income and recorded tax deductions. Such discrepancies may require taxpayers to revise their returns later, adding time and administrative burden.
“Early filing without complete TDS data often leads to corrections,” said tax practitioners, noting that revised returns are both time-consuming and inconvenient for taxpayers.
Importance of verifying financial documents
Chartered accountants are also stressing the importance of cross-checking financial records before submission. Taxpayers are being advised to carefully review Form 16, bank statements, and investment proofs, and ensure that these align with the information reflected in Form 26AS and AIS.
Errors at this stage, professionals warn, can lead to inconsistencies that may trigger notices or require amendments after filing.
Digital filing system continues to evolve
The Income Tax Department’s e-filing portal has undergone incremental upgrades in recent years, with an emphasis on user-friendliness and automation. Pre-filled data, based on reported income and tax deductions, has reduced manual entry and simplified compliance for many users.
As a result, taxpayers are increasingly able to complete filings remotely, without professional assistance, particularly in straightforward cases.
Timely filing offers financial advantages
While caution is being advised regarding timing, experts also note that filing returns within the prescribed deadlines carries several benefits. These include avoiding penalties, smoother processing of loan and visa applications, and maintaining accurate financial documentation for future requirements.
However, professionals continue to emphasise that accuracy should take precedence over speed. Filing a correct return after complete data is available, they say, reduces the risk of complications and ensures compliance with tax regulations.
