It is a legal requirement for any individual whose total income for the previous year surpasses the maximum exempted limit according to the provisions of the Income Tax Act, 1961, to file income tax returns. The Income Tax Department has introduced an efficient method for filing these returns online using the Internet. This online procedure for submitting your income tax returns electronically via the Internet is referred to as “e-filing of returns.”
E-filing provides taxpayers with the convenience of filing their taxes at their own preferred time and location. This service is accessible 24/7, allowing tax returns to be submitted from anywhere in the world. Additionally, e-filing helps minimize or eliminate direct interactions between taxpayers and tax authorities. Detailed instructions on the e-filing process can be found on the website’s homepage.
Please click the following link to access additional information about your AO (Assessing Officer) code.
Please refer to Form 16 or Form 16A provided by your employer to find the TAN (Tax Deduction and Collection Account Number) information. Alternatively, you can access details about the deductor from the 26AS Tax Credit Statement, which is accessible on the NSDL website. You can conveniently access this statement through the ITD e-filing website.
To check the status of a tax return for a specific assessment year, taxpayers are encouraged to log in to the website using their user ID and password. After logging in, they should navigate to “My Account,” then select “View e-filed Returns/Forms,” followed by “Income Tax Returns,” and finally, choose “Status.”
In accordance with the regulations outlined in Section 139 of the Income Tax Act, 1961, the deadlines for filing income tax returns vary based on the category of taxpayers and are as follows:
Due Date | Details |
31st July of every Assessment Year | Individual who are not liable to audit |
30th September of every Assessment Year | Corporates |
Person liable to audit u/s 44AB | |
30th November of every Assessment Year | Person liable to comply Transfer Pricing |
No, the obligation to submit an income tax return only materializes when you possess income that is subject to taxation.
To request a refund for excess tax payments, the taxpayer must file an income tax return, regardless of whether the income is subject to taxation or not. Once the return is processed, the refund amount will be disbursed to the taxpayer either by check or directly to the bank account specified in the Income Tax Return form.
