5 Common ITR Filing Myths — Busted!

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Hello Dear Students,

We are Sharing With You 5 Common ITR Filing Myths — Busted!
. So kindly Check Out our http://www.castudynotes.com website and ALL the Best for Your upcoming ITRs.

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🛑 5 Common ITR Filing Myths — Busted!

1️⃣ “No tax = No need to file.”
✖️ Wrong.
✅ Even if your income is below the exemption limit, filing ITR builds your financial history — useful for loans, visas & more.

2️⃣ “TDS is already deducted, so I don’t have to file.”
✖️ Nope.
✅ Filing ITR is still mandatory if your income exceeds limits. TDS ≠ return filing.

3️⃣ “I’ll get my refund automatically after TDS.”
✖️ Not without filing.
✅ You must file ITR and e-verify it to claim and receive any refund.

4️⃣ “I’m a student/housewife/freelancer. I don’t need to file.”
✖️ Depends.
✅ If you earn above ₹2.5L (or have capital gains, interest, etc.), you may need to file. Even otherwise, voluntary filing has benefits.

5️⃣ “I can file ITR anytime during the year.”
✖️ Wrong again.
✅ Deadlines matter! Missing them can lead to late fees, loss of carry-forward benefits, and penalty notices.

📌 Don’t fall for myths. File smart.
🗓️ New due date: 15th September 2025

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