“ GOLDEN RULES FOR INCOME TAX REFUND CASES FOR A.Y 2013-2014 “ .
" A LONG WAIT FOR TAX REFUND ???????? DON’T WORRY " …………
HERE, GIVEN BELOW - HOW TO ENSURE A TIMELY RECEIPT OF REFUND AMOUNT
( i.e, WITHIN 4-5 MONTHS )…..
1) FIRST YOU VERIFY 26AS WITH YOUR FORM 16/16A , IF NO MISMATCH , THEN IT’S OK & SUBMIT YOUR RETURN OTHERWISE, IF THERE IS ANY DIFFERENCE BETWEEN 26AS & FORM 16/16A , THEN, WITHOUT WASTING ANY TIME , IMMEDIATE CONTACT TO YOUR EMPLOYER / CONCERNED PERSON FOR RECTIFICATION PURPOSE Because, Income tax refund can be delayed if the amount you claim as taxes paid does not match with Form 26AS.
2) PUT EXACT AMOUNT OF TDS INTO THE RELEVANT ITR-FORM AS EXACTLY SHOWS IN 26AS .
3) ANY DIFFERENCE OF TDS AMOUNT BETWEEN 26AS & FORM 16/16A , MAY DELAY YOUR PROCESS FOR A LONG TIME.
4) SEND ITR-V IMMEDIATE AFTER UPLOAD OF YOUR RETURN TO CPC BANGALORE THROUGH SPEED POST ( Don’t use :- ‘ Post Bag No. 1 ‘ in case of speed post ), BECAUSE, IT GENERALLY TAKES 3-4 DAYS ONLY .
5) Incorrect Bank A/c details can be delayed your return , So, Carefully put Exact full Account Number.
6) Incorrect IFSC Code can be delayed your return , So, Carefully put Exact IFSC CODE OF THE RELEVANT BANK.
7) Individual taxpayers can also send emails to itro @ sbi.co.in or refunds @ incometaxindia.gov.in for any refund related queries.
Go ahead………….
Thanks.
PALASH RAKSHIT.
CAclubindia
