Income Tax Return Rules: It is necessary for all the persons doing jobs or doing business to file income tax returns. Whereas, for those people whose salary is deducted from TDS, that is, those from whom money is deducted at the source of payment, it is very important for them to file income tax returns.
Because this is the only way through which they can get their money back. Today we tell you which people get their money back after income tax deduction. What is the complete provision for this and what are the income tax rules regarding this.
These people get their tax money back
If the employer of an employee or the person or the institution making payment to him has deducted his TDS and deposited it with the Income Tax Department and it is more than your total income tax. Or you have paid more tax in advance. Then you are entitled to get income tax refund. To get this, you have to file income tax return.
So along with that you have to file this return within the given deadline. After this your return is processed by the department and the refund that is due to you is sent to your bank account. The refund is already sent to the pre-validated bank account by the electronic clearing service.
keep these things in mind
When anyone pays income tax and then files income tax return, he has to keep some important things in mind. Otherwise, there is a problem in getting the return. Whenever a refund is filed, you should first match some things. Is there any mismatch between your name written in the bank account and your PAN card? Many times it happens that people have some other name written on their PAN card and some other name in their account. Due to this, the refund gets stuck. If the name in your bank account and PAN card is different, then you should get it corrected beforehand.
How to file return?
To file income tax return, you can take the help of a CA or you can file income tax return yourself. For this, you have to go to the official website of Income Tax https://www.incometax.gov.in/iec/foportal/. You have to go here and register yourself. After the registration process is complete, you have to login. After this you have to follow the entire process. After successfully filing this return, the department will send the refund to your account within a fixed period.
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