ITR Filing: The last date for filing Income Tax Return (ITR) is 31st July. Many people wait till the last date of ITR filing and if any mistake is found in ITR at that time, they do not know any solution what to do. Now many details are pre-filled in ITR.
In such a situation, before filing the return, definitely match your information with him. Also, if you see any kind of mistake, then use the option to rectify it through the income tax portal itself.
Bank account details most important
Tax consultants say that in most cases of refund stuck, there is a mismatch in the information related to the bank account. While filling the ITR, make sure that all the details related to the bank account are correct. If you have entered your account details incorrectly while filling the form, it may result in your refund getting stuck. If you have filed the return and there is any mistake, you will have to correct the bank account details on the Income Tax Department site.
TIS and AIS
All the financial transactions you do related to PAN number are recorded in the Taxpayer Information Statement (TIS) and Annual Information Statement (AIS) of the Income Tax Department. This is pre-filled in the tax return form. If any of the details are incorrect in this, please click on the feedback written there and tell that it is wrong. The Income Tax Department rectifies that. Failure to do so may result in a tax notice.
tax exemption details
The details of exemption on investments other than those under Section 80C of Income Tax are given in Form 16B.Based on the investment information provided by you, companies fill the details in this form. If any information is omitted, give the same information while filing ITR.
Details of Form 16 and 16A
Companies give Form 16 to the employee on tax deducted at source (TDS) from salary. Whereas in addition to salary, TDS is given on deduction of interest, house rent etc. Form 16A.Check the details from your deduction.
How to know refund status
Those who have filed the return without waiting for the last date for the return, such people will start getting the tax refund in the bank account. In such a situation, if you want to know the status of your refund, first of all visit the official website of Income Tax Department http://www.Go to incometax.gov.in. After that login by entering user id and password. After this, select you Income Tax Returns in the E-File option. Now the status of ITR and date of issue of tax refund will be visible
