Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
Direct Tax »
Open DEMAT Account in 24 hrs
 CBDT signs record number of 125 Advance Pricing Agreements in FY24
 CBDT issues guidelines for selection of cases for scrutiny, focus on tax evasion info by law enforcement agencies, note experts
 CBDT issues Guidelines and Procedure for Compulsory Selection of Income Tax Returns for Complete Scrutiny for FY 2024-2025
 Net direct tax collections exceed 2023-24 target
 Govt kicks off direct tax code revision
 ITR 2024 25 Check tax department s update on TDS and refunds
 Income Tax: Why did some taxpayers receive notice for discrepancy in house rent receipt? IT Dept explains
 Income tax exemption: 4 financial instruments you can still invest into before March 31
 CBDT drops small tax demands but not TCS, TDS claims
 ITR Refund: Awaiting money from Income Tax? Here's why you have not yet received your amount
 Income Tax Notice: What to do if you receive a Section 143 (1) notice from taxman?

Income Tax Return: Regular filers getting intimation with pending status for not filing ITR yet
December, 19th 2022

Taxpayers filing their Income Tax Return regularly are now getting intimation from the Income Tax Department in case their returns of income are not filed yet. Moreover, the intimations even contain the status of filing of ITR for an assessee.

For example, if a taxpayer had started filing his/her return of income through the online mode on the site, but abandoned the process for any reason, the intimation sent to him/her would say, “We have noticed that your ITR for AY 2022-23 is still in draft stage. Please complete the ITR, submit and e-verify it.”

The filing of ITR of a person may remain pending for various reasons – like a person may simply forget to file his/her return of income, or may leave the filing process in between due to want of adequate information. Moreover, once the due date is over, people tend to become casual to complete the process of filing their ITR.Belated ITR filing for AY 2022-23: Last Date, Penalty and Why You Should Not Delay Income Tax Return

Filing of ITR is necessary for a person having an annual income of over Rs 2.5 lakh (the exemption limit is Rs 3 lakh for senior citizens and Rs 5 lakh for super senior citizens) or if any tax is deducted at source (TDS) from any income even if the total income is below the prescribed exemption limit.

Apart from a few exemptions, most taxpayers need to file their ITR online. Even for filing ITR online, taxpayers get two options after logging in to the income tax portal – by downloading, filling and uploading an ITR utility file or by directly providing the required information on the portal after choosing the online filing option.

Mere submitting the ITR online doesn’t complete the filing process, but a taxpayer needs to verify his/her return as well. The verification may be done either offline or online.

Offline verification may be done by sending the signed ITR-V to the Centralised Processing Centre (CPC) in Bangalore.

The online verification or e-verification may be done through any of the following processes –

  • Using Aadhaar OTP
  • Using EVC generated through bank account, net banking or demat account
  • Using Digital Signature Certificate (DSC)

To complete a filing process successfully, an ITR filed before the due date may be verified within 120 days from the date of filing. The time limit has been reduced to 30 days, where the e-filing of a return is done after the due date of July 31, 2022.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting