Efiling income tax do's & don't

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efiling income tax - Do's & Don't Error Impact made while efiling income tax returns Efiling income tax returns can be classified as defective u/s 139 (9) and in some scenarios the return can be declared in valid / Non Est. ITD is not introducing this concept to cover certain types of errors in order to prevent future grievances Computation Errors - In electronic efiling it has been noticed that most of the errors are due to data errors as filed by the assessee This includes wrong details input, non filling of schedules etc which result in rectification requests etc which delay closure of processing Inability of paying income tax refunds to the assessee Key rules for efiling income tax return to ensure trouble free processing Once efiling is done (without any digital signature), an ITR V required to be sent in time to CPC, Bangalore. In case ITR V acknowledgement is not reached within time, assessee may call up CPC efiling return call centre to verify status. About 10% of assessees have failed to send the ITR V to CPC after efiling. Assessee needs to fill their email address and mobile number correctly to ensure communication from the Income Tax Department. Use of Tax practioner or CA email ID address may not be appropriate Assessee should make sure the correct address (latest), Saving Bank account , IFSC code is filled The assessee should verify tax credits available in Form 26AS or NSDL website. Mismatches are one of the single largest reason of incorrect income tax computation. Non credits might be taken up with the TDS deductor and/or the banker as soon as they are noticed Keywords efiling, income tax efiling, efiling income tax, income tax filing, income tax filing online, income tax filing date, income tax filing status, income tax filing date 2014, income tax filing deadline, income tax filing form, free online income tax filing, income tax filing procedure, Filing of TDS return, Filing tax returns online, income tax filing software, income tax filing due date, income tax filing deadline 2012, Income tax filing in Bangalore, Income tax filing in chennai, income tax filing last date 2014,

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Error Impact made while efiling income tax returns. For more details visit us at www.taxfreemart.in

Transcript of Efiling income tax do's & don't

Page 1: Efiling income tax   do's & don't

efiling income tax - Do's & Don't

Error Impact made while efiling income tax returns

• Efiling income tax returns can be classified as defective u/s 139 (9) and in some

scenarios the return can be declared in valid / Non Est. ITD is not introducing this concept

to cover certain types of errors in order to prevent future grievances

• Computation Errors - In electronic efiling it has been noticed that most of the errors are

due to data errors as filed by the assessee This includes wrong details input, non filling of

schedules etc which result in rectification requests etc which delay closure of processing

• Inability of paying income tax refunds to the assessee

Key rules for efiling income tax return to ensure trouble free processing

• Once efiling is done (without any digital signature), an ITR V required to be sent in time to

CPC, Bangalore. In case ITR V acknowledgement is not reached within time, assessee

may call up CPC efiling return call centre to verify status. About 10% of assessees have

failed to send the ITR V to CPC after efiling.

• Assessee needs to fill their email address and mobile number correctly to ensure

communication from the Income Tax Department. Use of Tax practioner or CA email ID

address may not be appropriate

• Assessee should make sure the correct address (latest), Saving Bank account , IFSC

code is filled

• The assessee should verify tax credits available in Form 26AS or NSDL website.

Mismatches are one of the single largest reason of incorrect income tax computation. Non

credits might be taken up with the TDS deductor and/or the banker as soon as they are

noticed

Keywords – efiling, income tax efiling, efiling income tax, income tax filing, income tax filing online,

income tax filing date, income tax filing status, income tax filing date 2014, income tax filing

deadline, income tax filing form, free online income tax filing, income tax filing procedure, Filing of

TDS return, Filing tax returns online, income tax filing software, income tax filing due date, income

tax filing deadline 2012, Income tax filing in Bangalore, Income tax filing in chennai, income tax filing

last date 2014,