EFILING YOUR INCOME TAX RETURN- BE CAREFUL

One must file his income tax return and that too on or before last date. I have mentioned some consequences of not filing income tax return before last date. You must file tax returns as they may help you in getting loan from bank or financial institution.

If you are efiling your Income Tax Return then you must take care of the following things:

-> Fill your bank details very carefully as from this year onwards Income Tax Department has discontinued to pay refund through cheques. So to get your refund on time, fill your details with caution.

-> You must be clear […] Read more

REASONS FOR DELAYED TAX REFUNDS

1. MISMATCH IN TDS DATA: If any details of TDS given by tax payer do not match with data with Income Tax Department, then tax refund of such tax payer will be delayed and he will be issued a notice regarding providing proof of the details given by him.
2. WRONG ADDRESS: Many people provide their current address while filing income tax return. Income tax department has the address given by them at the time of PAN application, so this mismatch can also pose problems in relieving tax refunds. You must update your address as it changes, with Income Tax Department.
3. MISSING BANK ACCOUNT […] Read more