Steps after e-filing of ITR

By | July 3rd, 2017|Categories: Income Tax Refund, ITR Filing|

The submission of the ITR online is not the last step in the filling of the ITR. The main problem that the taxpayer face after e-filing of ITR is the next step after e filing of ITR. For instance, the taxpayers are required to verify their ITR after e filing of ITR and failing to do so may, however, [...]

Income Tax Refund

By | July 1st, 2017|Categories: Income Tax Refund, ITR Filing|

What is an Income Tax Refund? Income Tax Refund is applicable for those cases where the amount of tax paid by a person is greater than the amount which is chargeable. This is noted under Sections 237 to Section 245 of the Income Tax Act, 1961. Refunds, if any, are automatically processed. You should ideally receive [...]

Excess Tax Deducted at Source (TDS)

By | June 27th, 2017|Categories: Income Tax Refund, TDS|

Many times it may happen that the deductor deducts excess TDS so in that case, the taxpayer can claim excess TDS  refund. Under the Section, 244A provides for levy of interest on excess TDS  refund granted to the taxpayer. If excess TDS deducted at the end of a financial year, a TDS refund arises. E-Filing TDS In [...]