IncomeTax E-Filing

ITR forms, whether filed manually or filed electronically, do not require any documents like proof of investment, TDS certificates, etc. However, these documents should be retained by the taxpayer and produced before the tax authorities when demanded in situations like assessment, inquiry, etc.

The excess tax can be claimed as refund by filing your income tax return (ITR). After your return is processed and provided the tax department accepts your refund claim, the amount claimed as refund would l be credited back to your bank account through Electronic Clearance Service (ECS) transfer. You would also get an email intimation for the same. The I-T Department has been making efforts to settle refund claims at the earliest.

​​Yes, it can be claimed if you are otherwise eligible to claim the same.​

Agricultural income is not taxable. However, if you have non-agricultural income too, then while calculating tax on non-agricultural income, your agricultural income will be taken into account for rate purpose. For meaning of Agricultural Income refer section 2(IA) ​ of the Income-tax Act.

Yes, such winnings are liable to flat rate of tax at 30% without any basic exemption limit. In such a case the payer of prize money will generally deduct tax at source (i.e., TDS) from the winnings and will pay you only the balance amount.

Your employer can file the “Correction Statement” and provide your PAN information. In this case, you have to file IT return even if your income is below the tax slabs.

No, it is not mandatory to file an income tax return if your annual income is below Rs 250,000. However, even those who are out of the tax net should consider filing a 'Nil Return' to maintain a record. There are several instances where income tax returns are considered a proof of employment — for instance, when you are applying for a passport or taking a loan.

You can file return after the last date also. However, in such case you will have to pay penalty interest @ 1% per month for late filing and late filing fees as per below chart. In case you have not filed your Income Tax Return for the financial year ended on 31st March, 2020 till 30th November, 2020, still you can file the same till 31st March, 2021. Beyond which the return will become time barred and you would not be able to file the same.