Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Income tax Return is a form through which an individual informs the Government about his Annual Income earned and applicable tax paid to the Government by him. The department has notified 7 forms till date:
ITR should be filed by every taxpayer on or before due dates specified for this. Different forms are filed for different taxable income, i.e. it varies depending upon the source of income, Amount earned as an Income and the category of taxpayers such as it’s an Individual, Company, HUF, etc.
Income Tax Refund occurs when the actual tax liability is less than the amount of tax already paid
Following are the steps for claiming the refund of tax filed in ITR:
How can we check the status of a Refund?
Refund status can be checked online by accessing the ‘refund page’. After entering the PAN, Assessment Year, and Captcha, there will be a page displaying refund status. One can also refer its Form 26AS under ‘Tax Credit Statement’ for checking refund.
Is there any Interest on Income Tax Refund?
Sometimes refund credited to the account is slightly higher than the one claimed on ITR. The difference is interest on such a refund. This interest is paid mandatorily in case if the refund is 10% or more of the tax paid. For more information, visit Enterslice.
During its 203rd meeting on 25th November 2023, the Securities and Exchange Board of India (SEB...
If you want to expand your portfolio beyond standard stocks and bonds, Alternative Investment F...
NBFCs in India encounter significant challenges related to the compounded effects of outstandin...
SEBI, the regulatory body for markets, has directed stockbrokers to establish an institutional...
If you have lost track of your shares in Muthoot Finance Limited, they may have been transferre...
Are you human?: 7 + 8 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Denifition The Income-tax return is a form which is filed by the person who has paid taxes or has been charged to p...
04 Sep, 2019
Income Tax is a form of Direct Tax levied by the Indian Government on the very source of income generated in a fina...
30 Mar, 2024