Every Citizen of India has a right to get interest on their income tax refund under Section 244 of the Income Tax Act in the event that they have made excess payment of advance tax or excess of TDS has been deducted on their sources of income. The Central Board of Direct Taxes (CBDT) in… Continue reading Didn’t get your income tax refund? yet? Here is how much interest will you get in return?
After the Income Tax Department has processed the income tax return, it will send an intimation notice to taxpayers under section 143(1) of the Income Tax Act 1961. The individuals who have filed their Income Tax Return for the financial year 2018-19 will receive the intimation on the registered e-mail Address same as registered in… Continue reading Know All About Intimation Notice u/s 143(1)
If any individuals have filed their income tax return and have paid more tax than what was outstanding is eligible to receive a refund. Usually, refund arises when taxes paid by the taxpayer are more than their actual liability including interest. It could be in the form of advance tax, self-assessment tax, tax deducted at… Continue reading A Complete Guide on Income Tax Refund Status
Like every financial year, there are many taxpayers who file their income tax return. But forget to know about the process of claiming income tax refund status. However, income tax refund status is a part of e-filing ITR that basically arises during ITR filing season. Besides this, Income Tax refund status depends upon a condition… Continue reading How to claim & check Income Tax refund status