Wednesday, May 25, 2022

income tax return: Haven’t got income tax refund as yet? You may need to confirm it to the tax dept

Your revenue tax refund could also be held up pending your affirmation about its accuracy if there was a big distinction in incomes or deductions that you just claimed whereas submitting your ITR in comparison with your Kind 16 or 16A. On this case, for refund to be credited into your checking account you’ll have to reply to the e-mail despatched by IT division, asking you to verify your refund declare.

Kapil Rana, Founder & Chairman, HostBooks, a tax compliance resolution supplier says “Whereas processing ITR with a refund declare, for the primary time the division is asking particular person taxpayers for affirmation on correctness of variations in revenue showing in Kind 16 or Kind 16A or Kind 26AS and likewise distinction in deduction / exemption as showing in Kind 16 and as claimed by the assessee whereas submitting ITR.”

That is largely taking place within the instances the place the distinction on account of deductions and exemptions proven within the Kind 16 and those claimed in closing ITR is huge. Abhishek Soni, CEO and co-founder,, an ITR submitting firm says, “Virtually, this 12 months we now have noticed that the Revenue Tax Division is sending one electronic mail to the taxpayers the place there are large deviations within the revenue tax return filed as in comparison with the shape 16. In such instances, the Revenue Tax Division is sending the mail to verify the quantity of refund.”

The textual content of the e-mail obtained by some taxpayers is considerably as beneath:

Expensive Taxpayer,
It’s seen {that a} declare of refund has been made within the Revenue Tax Return xxxxxxxxxx for 2020 filed by you on xx-SEP-20.
Your Revenue Tax Return has been chosen underneath danger administration course of whereby your affirmation is required on the declare of refund. You’re requested to submit your response within the e-Submitting Portal submit login by deciding on both of the next choices:

  • The declare of refund is right to the most effective of my information and perception
  • Return of Revenue is being revised whereby, right declare of refund shall be made

To submit the response, please login to e-Submitting portal, Go to Worklist->For Your Motion-> Response for Refund Affirmation.
Please confirm the claims made in your Return of Revenue filed and submit your response accordingly. In case of any incorrect claims, please revise your Revenue Tax Return (ITR).
Please submit your response inside 30 days of receipt of this e-mail. Please ignore this mail, when you have already submitted your response.
Compliance Administration Group
Revenue Tax Division

Such variations common for a lot of taxpayers

Variations in revenue/deductions as talked about above will not be uncommon for a lot of taxpayers as a result of varied causes.

“Deadline for submitting funding proofs (to assert tax breaks underneath sections 80C, 80D and many others) set by the employer could also be Jan 31. Nevertheless, tax saving funding could have been made after that however earlier than thirty first March or unsure revenue (like capital acquire) may have been earned as much as thirty first March. It will also be doable that hire fee proof has not been given to the employer throughout the above deadline (Jan 31) for claiming HRA exemption” says Rana of Hostbooks.

On many events the Kind 16 issued by the employer could not comprise all deductions which might be out there to taxpayers underneath the present regulation. If the taxpayer claims these deductions whereas submitting ITR, then these are sure to vary from those talked about in Kind 16.

What do you have to do?

If there was such a distinction in your ITR and you have not obtained your return, the very first thing it’s good to do is to verify your electronic mail for any intimation from the IT division concerning the refund. It’s also possible to login to your account on the revenue tax division’s e-filing portal to verify the identical. When you login to your account on the portal you’ll have to submit your response by selecting one of many following two choices.

  • The declare of refund is right to the most effective of my information and perception
  • Return of Revenue is being revised whereby, right declare of refund shall be made.

If the refund declare made by you is right, then you’ll have to choose the primary choice. Nevertheless, if there may be an error you’ll have to file a revised ITR. “The taxpayer ought to verify for the problems highlighted within the intimation and submit a response by means of his income-tax e-filing account by visiting e-proceedings tab or submitting a revised ITR. As soon as a response is submitted by the taxpayer, his/her ITR is taken up for processing once more” says Naveen Wadhwa, DGM at Taxmann.

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