Recently, the GST council doubled the exemption limit to Rs. 40 Lakhs for the payment of Goods and Services Tax. Read more Link PAN with Bank Account to get Refund Recently, the Income Tax Department asked the taxpayers to link their PAN Card with their Bank Account. ...
if you forget to claim it then you can revise your return within a specified period of time and claim the refund in the revised return. When you file the ITR if tax paid is more than tax due you would
After claiming for income tax refund, you can also track it and check what is the status of your income tax refund. There are two ways to check the status of income tax refund. The first is that you can check its status on the Income Tax Portal. On the other hand, ...
You may choose the other two verification options to submit the ITR. However, the process of filing the ITRs is not complete unless its verification is done. This submitted ITR needs to be e-Verified later, using the path 'My Account > e-Verify Return'. Alternatively, ITR-V can be signe...
Step 4:Click on ‘Start New Filing’ to initiate the process. Step 5:Select the filing status that best applies to your situation. Step 6:Choose the ITR form that you need to file. Step 7:Verify your personal details in the ‘Personal Information’ section to ensure they are correct. ...
Check for the discrepancy in the original return e-filed Log on toincometaxindiaefilingwebsite Prepare Return just like like you filed the first time, correcting or filling what had got omitted earlier. Go to part of ITR withFiling Status, PART-A General, for example shown in image below ...
Part D: Tax Computation and Tax Status This section involves detailed calculations related to your tax liability. It includes factors like surcharge, relief under section 89, interest under section 234B and 234C, advance tax paid, TCS collected, refund, rebate under section 87A, cess on tax ...
Before clicking on “SUBMIT” button, please check if any tax is due. If yes, then deposit the tax first and then show that tax under “Self Assessment tax”. Submit the return only if it is showing zero tax due or refund.(link to pay self assessemnt tax) ...
of TDS on Salary ITR-2 When To File ITR-2 Who-can-use-ITR-2 ITR-V ITR-V Acknowledgement Check my ITR-V Status ITR-V E-verification ITR-V-Rejected If ITR V is not submitted ITR-V In Income Tax Submit ITR-V GST ChecK GST Status Advantages-disadvantages GST GST Payment GST ...
Any discrepancies or errors may lead to delays or potential loss of interest on your refund. Double-check all details, including income, deductions, and tax payments, before filing. Refund Reconciliation: Regularly monitor the status of your refund through the Income Tax Department’s online portal...