Bangalore: The yearly filing of income tax returns is usually a complicated process and is an ordeal that challenges our skills in math, proofreading and patience. Tending to be human, most of us make a few mistakes while filing for tax returns. These blunders may result in fines or delays. Here are eight commonly observed oversights to check for, as reported by Taxmantra.com.

1. Filling Wrong Forms

ITR forms 1 through 4 have specific taxable items listed. Confusing one form for another is the most frequent mistake in India.

The form ITR 1 is for individuals with income from salary, interest, family pension and from agricultural activities. ITR 2 is for individuals or Hindu Undivided Families (HUF) not having any income on account of carrying out a business or profession or on account of being a partner in a partnership firm.

ITR 3 is for individuals or HUF who are partners in a partnership firm and do not carry out any separate business or profession. ITR 4 is for individuals or HUF carrying out business or profession under a proprietary concern.