Income tax cut more ?

Income tax cut more? Check status at the time of ITR filing, bike refund, this is the process

Income tax cut more? Check status at the time of ITR filing, bike refund, this is the process
Income tax cut more? Check status at the time of ITR filing, bike refund, this is the process

 News  & Business

 It may also be that you have given the maximum income tax in the financial year. More than that means, you have repaid more income than the amount of liability you made. In such a misunderstanding, you are entitled to a refund. The government gives you the option of giving back the excess tax to you. This opportunity comes when you file an Income Tax Return (ITR). Therefore, every eligible person should file an ITR by July 31.

Calculate such extra tax ...
It is very important that you are aware of the process of getting refund so that the income tax department can keep time and refund if necessary. After you have completed the return, click on the Calculate Tax button. The system will automatically calculate the tax based on the data provided by you and put it in front of you and will also tell you when the refund has a debt date.

Read also: These 5 mistakes made in filing ITR, then you can get it

If you are entitled to a refund, then in the column refund you will see this written. As the next step, e-file tax return and verify it. After the completion of your work, the Income Tax Department will start the process for verification and return of your claims. According to Section 143 (1), you will be given information about processing in this regard. This information was given by H & R Block India Head of Research, Chetan Chandok in his article on NDTV Profit.

Any one of the following decisions can be taken on your refund claim:
The calculation of your tax calculation and tax department is the same. That is, you do not have to pay more tax.
Your tax calculation and tax department calculations do not match. That is, you have to pay extra taxes. In this case income tax department will demand tax from you. Then it is also possible that your refund claim claim is denied.
The calculation of your tax calculation and tax department is the same. That is, your refund claim has been accepted. It will be delivered to you.

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