Comment posted on File Income Tax Return Online by Pankaj Batra
@Skbhan
NRIs too have the same income tax return forms.
Pankaj Batra also commented
- @Anita
You can login to e-filing website and raise a refund re-issue request.
CPC Communication Reference Number, Refund Sequence Number (as per CPC Order) and Date of Birth/Incorporation (DD/MM/YYYY) would be asked during this request. - @Akand
You are not alone here. Most of the people who have refunds due have not got their ITR processed yet.
I also have the same case, filed ITR-4 before 31st July and haven’t got ITR processed yet.Govt has not issued any refunds for FY 2011-12 in FY 2012-13, so that their books shows a good amount of cash in it.
Even for smaller amounts, refunds are being processed now only. My father had small Rs 500 refund which got processed last week only.All you can do is wait and they may also give interest on refund due to delay.
- @Brijesh
ITR-V is automatically filled and you just need to sign it and it can be sent by speed post or regular Indian post service (but not by courier) - @Brijesh
There is no need to sign in the excel file.
Once you file income tax return online, an acknowledgement file would be generated (ITR-V), which you need to sign and send to the CPC address. - @Satya
You should visit income tax office, meet assessing officer, provide him copy of form-16 and ask him to clear the demand.
As Govt does not have enough money, they are asking for unnecessary taxes from previous years and not paying refunds to anybody.
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There is no issue in transferring amount to bank from PayPal.
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@Shilu
Tax rates for professionals are also same as that of salaried class. They also have deductions like 80C, 80D etc applicable.
Only difference is professional may deduct all business expenses from income to compute net profit. This net profit part would only be taxable in that case.Say, your wife earns 5 lakhs in a year, but has also incurred expenses towards internet bills, telephone bills, server/domain name cost, laptop/hardware purchase etc. Say expense is 1 lakh. Then total taxable income would only be 4 lakhs. Now if she invests 1 lakh into 80C products (like insurance, tax saving mutual fund, tax saving fixed deposits etc), Taxable income would further reduce by 1 lakh and she has to only pay 10% tax on remaining 1 lakh (no tax is payable for first 2 lakhs).
She would need to file income tax returns after year end by 31st July using ITR4 form. This form is a bit complex and common man cannot understand those financial terminology of profit/loss etc.
Sir, Is there Bank details is compulsory to mention Bank Details In ITR form?
Yes, You must give bank details of the your account where your salary is being creditd. It also helps in direct refund to Bank account using ECS by IT dept.
Hi,
I want to ask a question regarding income tax refund of FY 2011-12 (AY 2012-13).
All my earlier returns show status of “ITR Processed” but this one just shows “ITR Received”.
I uploaded this original return in ITR-4 on 31/7/2012. (The return filed was for a refund of TDS excess deducted and therefore I was expecting a refund check.)
Acknowledgement of ITRV received on 31/8/2012.
Then there is an entry dated 24/12/2012 that says “Kindly follow the instructions as mentioned in the notice/communication sent by CPC, if already received. Else kindly wait to receive the same.”
I called their help nos 18001801961/4252229/42500025, but the guys there say please be patient you will get it soon.
It is now May 2013 and return for FY 2012-13 will soon be due.
How to deal with this situation? Please advise.
@Akand
You are not alone here. Most of the people who have refunds due have not got their ITR processed yet.
I also have the same case, filed ITR-4 before 31st July and haven’t got ITR processed yet.
Govt has not issued any refunds for FY 2011-12 in FY 2012-13, so that their books shows a good amount of cash in it.
Even for smaller amounts, refunds are being processed now only. My father had small Rs 500 refund which got processed last week only.
All you can do is wait and they may also give interest on refund due to delay.
Sir,
In case of my friend’s son, the ITR processed and refund process made, but due to wrong mentioning number of Saving Bank in which one zero left inadvertently in 15 no. bank account, the refund process could not be completed. Please guide what to do know to get back the claim. My friend blames me for all this cos I helped her in e-filing. I asked her to check each and every detail which I filled at that time but still she is angry with me. How could I help her.
Thanks
@Anita
You can login to e-filing website and raise a refund re-issue request.
CPC Communication Reference Number, Refund Sequence Number (as per CPC Order) and Date of Birth/Incorporation (DD/MM/YYYY) would be asked during this request.
Sir,
Thank you very much. Done the needful as per your advice.
Regards
Anita