How to Ensure timely receipt of Tax Refunds? Rules and Guideline of getting tax refunds on time in India is not fast and stringent, it takes considerable time to get tax refund. But every time the delay is not caused due to department fault, an assessee providing wrong details could also be the reason of […]
Sending Multiple ITR-V in one Envelope to CPC – Bangalore
Guide on Printing, Signing and Sending ITR-V to CPC Bangalore From the next assessment year it may not be necessary to take the printout of ITR-V and send it to CPC Bangalore. But for this year it is mandatory to take printout of ITR-V, signed it and send it to CPC Bangalore within 120 days […]
Quick and Easy ways to Efile income tax return in India
How to E-file income tax return in India? Earlier this month, Department has issued notification stating that every assessee who has income exceeding Rs.5 lakh required to file income tax return, which covers more than 75% of the Indian Taxpayers. The due date of filing return for all the assessees except Company and the assessee […]
How to File Income Tax Rectification online?
Any mistakes done while filing your previous tax returns online can now be rectified by making a request. After the processing of Income Tax Return by the Central Processing Centre (CPC), the Income Tax Department, an assessee can rectify e-filed Income Tax return online. Rectification can be done on any mistake or error apparent in […]
Points to Keep in Mind while E-filing of Income Tax Return
Some important Do’s & Don’t are given below by Income Tax Department in the interest of assessee which should be read carefully before submitting any e-filing of Income Tax and TDS Return. e-Filing – Do’s & Don’t Impact of Errors made while filing returns Returns can be classified as defective u/s 139 (9) and in […]
Tracking Income Tax Refund for Company and Individual
Please find mentioned below some key information regarding tracking of IT Income Tax refund for Company and Individual, that may save some time and hassles: If you have filed ITR electronically (which is usually the case now days): If amount is less than Rs. 25,000/- , the refund is automatically remitted to the account no. […]