HOW TO DEAL WITH INCOME TAX REFUND DELAYS
Delay or non receipt of tax refund is the biggest grievance of many taxpayers. Some common reasons for delay are unintentional error in bank details, delay in processing of paper income tax return and change in residential address.
REFUND QUALIFICATION: Most companies ask their employees to declare the details of their tax planning at the beginning of the year, but some employees fail to make such declaration and it leads to higher tax deduction which in turn results in tax refund.
Some individuals pay advance tax on the capital gains they make during the year.
EFILING SPEEDS UP REFUND PROCESS: If return is […] Read more