India, Sept. 16 -- With the tax filing deadline here, it's important to be aware of common mistakes, especially those related to reporting real estate income.

Many taxpayers forget that all payments tied to a rented property like parking fees, maintenance charges, or furniture rentals must be reported as part of rental income.

Owners of more than two properties often miss declaring notional rental income on the third (and additional) properties, as required under income tax rules.

Another frequent oversight is not claiming capital gains exemptions when selling property often due to a lack of awareness about options like the Capital Gains Account Scheme.

The government on September 16 extended the due date for filing income tax returns...