how to check income tax return online

Upload: manthan-patel

Post on 03-Apr-2018

217 views

Category:

Documents


0 download

TRANSCRIPT

  • 7/29/2019 How to Check Income Tax Return Online

    1/3

    How to check income tax return online?

    Many people are ignorant about the fact that their tax refund status can be easily ascertained

    online with a few simple and easy steps by entering the PAN number. The 'Refund BankerScheme', which was first introduced by the Income Tax Department in Jan 2007, can be used by

    tax payers all over the nation to view the exact status of their refunds on line at the site

    https://tin.tin.nsdl.com/oltas/refundstatuslogin.html. This is as easy as it gets and all one needs todo is to enter the PAN number and the assessment year on this site to access the current position

    of the tax refund.

    Modes of Refund

    Tax refunds whenever applicable is made in 2 different means to all the tax payers:

    RTGS / NECS: In order to enable direct credit of the refund amount to the bank accountof the tax payer, the taxpayer's correct bank A/c (at least 10 digits), MICR/ IFSC code ofthe bank branch and required communication address is mandatory.

    Paper Cheque: The standard paper cheques wherever issued require the current bankaccount no and the correct address of the tax payer as mandatory information.

    Checking Status Online

    This simple task can be achieved through a few easy steps:

    Log intohttps://tin.tin.nsdl.com/oltas/refundstatuslogin.htmland enter your PAN andassessment year. Then click on Submit button.

    The same can also be checked through the toll free number of SBI help desk at18004259760 or even through email [email protected]@incometaxindia.gov.in.

    (It must be noted that the online refund is faster and quicker if the return has been filed on timeand preferably through online filing system.)

    Income Tax Refund: Types of Status Online

    While checking your refund status online you are likely to see several kinds of status messages

    on the website. Demonstrated below are some of the common types of status messages that may

    appear at the website. Other status messages depending on the actual state of processing anddisparities noticed by the department may also appear. The assessee has the right to appeal and

    notify the department in case of any discrepancies noticed at the status on the website for furtheraction.

    1. Change of Address: Incase the address of the assessee has changed and same has not beennotified to the Income Tax Department through the online registration system, the refund cheque

    normally returns back and this is reflected in the status at the website. Such cases of cheques are

    https://tin.tin.nsdl.com/oltas/refundstatuslogin.htmlhttps://tin.tin.nsdl.com/oltas/refundstatuslogin.htmlhttps://tin.tin.nsdl.com/oltas/refundstatuslogin.htmlhttps://tin.tin.nsdl.com/oltas/refundstatuslogin.htmlhttps://tin.tin.nsdl.com/oltas/refundstatuslogin.htmlmailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]://tin.tin.nsdl.com/oltas/refundstatuslogin.htmlhttps://tin.tin.nsdl.com/oltas/refundstatuslogin.html
  • 7/29/2019 How to Check Income Tax Return Online

    2/3

    quite common despite the fact that the refund cheques are dispatched on time by the department.

    Here is what will appear at the site in an eventuality:

    status-of-tax-refund

    2. Cheque Encashed Status: If the assessee has received the refund cheque and has encashed itthen the status at the website will reflect the same. However in case the cheque has actually not

    been encashed but is being reflected as so at the website then one needs to immediately inform

    the department and take steps to retrieve the money at the earliest. Here is what will appear at the

    website if the cheque has been encashed.

    Some Important Facts about Refund Status

    There are a few essential facts that one needs to understand while checking tax refund status

    online:

    The Income tax Department has nominated the State bank of India (SBI) as the refundmanger agency for all such transactions. Thus it is the SBI that forwards all the refundcheques or online transfers.

    RTGS/ NECS/ ECS transfers are possible only if the 10 digit account number has beencorrectly provided by the assessee along with the IFSC code of the bank. Otherwise

    standard cheques or demand drafts will be dispatched to the address provided by theassessee.

    The online status is updated for viewing only after a period of 10 days of the assessingofficer having made the refund either online or by dispatching the cheque.

    The refund status will be available only if the tax return has been filed correctly and ontime and has been received by the department. This is possible only if the assessee has

    received an acknowledgement form from the department of having received the ITR.

    http://l2.yimg.com/bt/api/res/1.2/kFe80DkwExiax612ecQnjA--/YXBwaWQ9eW5ld3M7cT04NQ--/http:/www.gophoto.it/view.php?i=http://mit.zenfs.com/48/2012/10/status-of-tax-refund.jpg
  • 7/29/2019 How to Check Income Tax Return Online

    3/3

    Using the online facilities of the Income tax Department is a great relief both in terms of filing

    the returns and checking the status of refunds. The processing time is considerably less in case of

    the online system as compared to the traditional paper form filing.

    By BankBazaar.com - an online marketplace for your personalloanand home loan needs.

    http://www.bankbazaar.com/http://www.bankbazaar.com/http://www.bankbazaar.com/http://www.bankbazaar.com/