Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Even after filing your income tax return online, your job won't still be over! Here is a six-point checklist for taxpayers to be observed after e-filing of ITR.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Aadhaar-based electronic verification code will do away with need to send physical ITR-V copies to I-T centre
In the era of e-filing, small mistakes lead either to delayed or complete denial of income tax refunds. So, avoid these 5 common mistakes that could lead to delay in refunds.
Now the processing of return filed will be through your Aadhaar Number, where, you can link it with your PAN and get rid of sending ITR V to CPC, Bangalore.
Check the status and immediately act on it
Penalty can be levied at 100-300 per cent of the tax evaded, while tax is imposed at the highest rate of 30 per cent.
With the new tax slabs applicable for income earned during Financial Year 2014-15 and host of new changes in income tax returns and filing norms, this e-filing season will certainly bring in a new experience for taxpayers. Here's how
Taxpayers are allowed to make the changes under certain circumstances
There are millions of taxpayers, all of whom are susceptible to this frustrating situation.
With the online tax filing and automation of the tax process the number of mistakes made by taxpayers during filing of taxes have been reduced, but considering the importance of the information, a mistake or an error will be an invitation to trouble.