CBDT extended the time-limit for filing ITR-V for Assessment years 2009-10, 2010-11 and 2011-12 till 31.03.2014

CBDT extended the time-limit for filing ITR-V for Assessment years 2009-10, 2010-11 and 2011-12 till 31.03.2014 returns-of-income which were electronically filed without a digital signature can send the sign copy of ITR -V Acknowledgment to ” Income Tax Department- CPC, POST BAG NO-1, ELECTRONIC CITY POST OFFICE, BANGALURU-560100, KARNATAKA”. by ORDINARY POST OR SPEED POST ONLY.

CIRCULAR NO. 04/2014 [ F.No.225/198/2013-ITA.IIDated : February 10, 2014

Relaxation of time limit for filing ITR V: ITR V form for A.Y’s 2009-10, 2010-11 and 2011-12 can be filed till 31.03.2014 for returns e- filed with refund claims within the time allowed u/s 139

Subject – Non-Filing of ITR-V in returns with refund claims-relaxation of time- limit for filing ITR-V and processing of such returns -regarding.

Several instances of grievances have come to the notice of the Board stating that a large number of returns-of-income for Assessment Year (‘AY’) 2009-2010, which were electronically filed without a digital signature in accordance with procedure laid down under the Income-tax Act, 1961(‘Act’), were not processed as such returns became non-est in law in view of Circular No. 3 of 2009 of CBD1 dated 21.05.09. Paragraphs 9 and 10 of the said Circular laid down that ITR-V had to be furnished to the (Centralised Processing Centre (‘CPC’), Bengaluru by post within 30 days from the date of transmitting the data electronically and in case, ITR-V was furnished after the stipulated period or not furnished, it was deemed that such a return was never furnished. It was claimed by some of the taxpayers that despite sending ITR-V through post to CPC within prescribed time-frame, the same probably could not reach CPC and thus such returns became non-est. Since ITR-V was required to be sent through (ordinary) post at a ‘post box’ address, there were no despatch receipts with the concerned senders in support of their claim of having furnished ITR-V to CPC within prescribed time limit.

2. Subsequently CBDT extended the time-limit for filing ITR-V (relating to Income-tax returns filed electronically without digital signature for AY 2009-2010) upto 31..12.2010 or 120 days from the date of filing, whichever was later. It also permitted sending of ITR-V either by ordinary or speed post to the CPC. However, for the AY 2009-10, some cases were still reported where return was declared non-est due to non-receipt of ITR-V by CPC even within such extended time-frame and consequently the refund so arising continue to remain held up.

3. Likewise, for AY’s 2070-11, and 2011-12, though relaxation of time for furnishing ITR-V was granted by Director General of Income Tax (systems), it has been noticed that a large number of such electronically filed returns still remain pending with Income-tax Department for want of receipt of valid ITR-V Certificate at CPC.

4. The matter has been examined. In order to mitigate the grievances of the taxpayers pertaining to non-receipt of tax refunds, Central Board of Direct Taxes, in exercise of powers under section 119(2)(a) of the Act, hereby further relaxes and extends the date for filing ITR-V Form for Assessment years 2009-10, 2010-11 and 2011-12 till 31.03.2014 for returns e-Filed with refund claims within the time allowed under section 139 of the Act The taxpayer concerned may send a duly signed copy of ITR-V to the CPC by this date by Speed post In such cases, central Board of Direct Taxes also relaxes the time-frame of issuing the intimation as provided in second proviso to sub section (1) of section 143 of the Act and directs that such returns shall be processed within a period of six months from end of the month in which ITR-V is received and the intimation of processing of such returns shall be sent to the assessee concerned as per laid down procedure.

5. Provision of sub-section (2) of section 244A of the Act would apply while determining the interest on such refunds.

6. The taxpayer concerned may ascertain whether ITR-V has been received in the CPC, Bengaluru or not by logging on the website of Income-tax Department – e-Filing/ Services/ITR-V Receipt Status.html by entering PAN No. and Assessment year or e-Filing Acknowledgement Number. Alternatively’ status of ITR-V could also be ascertained at the above website under ‘Click to view Returns/Forms’ after logging in with registered e-Filing account. In case ITR-V has not been received within the prescribed time’ status will not be displayed and further steps would be required to be taken as mentioned above.

Procedure to Check the Income Tax Refund Status Online using PAN Number

Procedure to Check the Income Tax Refund Status Online using PAN Number in India for free and this enquiry for current Income Tax Refund Status can be done without login into Income Tax India Website. But basic thing which is required for checking the current tax refund status is PAN Card Number and Assessment Year for which you want to check status of refund. Income Tax refund status is available for last 10 Years i.e. Income Tax Refund Status from year 2004 to 2013 but for only those assessee who had filed their return online and one has to select 2009-2010 for Year 2009, 2010-2011 for Year 2010, 2011-2012 for Year 2011, 2012-2013 for year 2012 and 2013-2014 for Year 2013 refund.

As refund status will show when refund was dispatched and for what amount, which is very helpful in planning personal finances. One of the best tax planning strategies to manage the income tax refund is by investing that amount in tax saving investment plans, so it will reduce your tax burden at the year end and in return also increase your Income tax refund amount for next year.  

Online refund status facility is launched by the Income Tax Department in January 2007 for the Non Corporate taxpayers also known as Income Tax Refund Banker Scheme and this scheme is launched for Mumbai, Delhi, Chennai, Kolkata, Bangalore, Ahmedabad, Pune and Kanpur and currently this is scheme is applicable to whole India. Income Tax Refund will be issued by the State Bank of India; Mumbai .i.e. SBI will process the Income Tax Refund for all the income tax payers. Income Tax Refund is paid by the Income Tax Department in two modes and Assessee has to select the mode at the time of filling of Income tax Return.

  • ECS (Directly Credit to Bank Account of Tax Payer)
  • Cheque (Cheque is issued in name of Tax Payer given in the PAN Card)

Refund status can be tracked by entering the PAN and Assessment Year for which refund is to be tracked.

 

Status of the refund can also be tracked by contacting the help desk of SBI’s at toll free number: 18004259760 or email at:- itro@sbi.co.in

What should I do if I changed my address given in Income tax return?

The tax payer should contact its Assessing Officer and inform about the change in the correspondence address.

What should I do if my bank account is changed or closed given in Income Tax Return?

In case of change or updation in the bank account number the taxpayer should provide the correct account number along with the MICR code where credit is to be effected to the Assessing Officer and tax payer who had E-Filled the Income Tax Return has to send Income Tax Response sheet to CPC Bangalore.

Refund Status Showing “PAID STATUS” through ECS but amount is not credited in Your Bank Account?

In case credit is not effected in the taxpayer account through ECS but the refund advice has been received by the taxpayer AND the status shown is “paid”- in that case, the tax payer should contact his bank or SBI. You should contact SBI at the following address.

Cash Management Product (CMP)
State Bank of India
SBIFAST
31, Mahal Industrial Estate
Off Mahakali Caves Road
Andheri (East)
Mumbai – 400 093.
Phone Number: 18004259760 or email at 

View, Check Income Tax TDS Deduction Status Online: Download Form 26AS

Anyone can view & check his Income Tax TDS Deduction Status online .i.e Person can verify & Download Form 26AS Tax Credit Statement online by creating online account with Income Tax Department website. Form 26AS helps Individual, Partnership Firm, Trust, & Company to verify their TDS deduction status also they can check income tax challan status before filing Income Tax Return. After doing login into the account click on My Account categories (next to Dashboard Category) and select “View Form 26AS (Tax Credit)“. After that Screen will ask for Confirming that You want to View Form 26AS. Click on confirm and this will transfer you to TDS Centralized Processing Cell/ TRACES (TDS Reconciliation Analysis and Correction Enabling System). Select “View Form 26AS“.

If your Form 26AS/TDS Deduction Statement is not reflecting right TDS deduction amount then you have to ask the TDS deductor to refile the correct statement at TIN Facilitation centres or revise the Quarterly TDS Statement.

This account can also be used for following purposes.

  • Online filing of Income Tax Return
  • Download Past Filed Income Tax Returns (Online Filed Only)
  • Income Tax Return Processing Status
  • Income Tax Return Processing Status
  • Income Tax Refund Status
  • Income Tax Demand Status
  • Income Tax Refund Reissue Request
  • Current Postal Address of the Assessee
  • PAN Card Details

There are other options through which you can check Form 26AS .i.e TDS Deduction Statement.

Option 2: Your TDS Statement is attached to your online Banking Account, so if you are having Online Banking Account and you have submitted the PAN Card Number to that Bank Account.

Option 3: By registering with TRACES.

TRACES_Tax Payer Registration

Contact Details (Toll Free Number) of CPC Bengaluru (Bangalore) for Refund of Income Tax

Contact Details (Toll Free Number) of CPC Bengaluru (Bangalore) for Income Tax Refund or Rectification of Income Tax Return or Any problem related Income Tax Refund. Person can contact on this Income Tax Helpline/Toll Free Number of CPC Bangalore Income Tax Department (Bangaluru) – 1800 425 2229

For any other query related to income tax department person can contact this Toll Free Number ASK- 1800 180 1961

For any other query related to E-filing income tax return person can contact this Toll Free Number ASK- 1800 4250 0025

Point to be noted before calling Income Tax Department

You should be ready with your PAN Card Photocopy for Verification of your details like

  • Father name given in PAN Card
  • Date of Birth as per PAN Card

You should be ready with your Income Tax Return Copy and Intimation Order received under section 143(1) of the Income tax act for Verification of your details like

  • Acknowledgment Number of Income Tax Return
  • CPC Reference Number (Communication Reference Number)
  • CPC Order Date: Date on which order under section 143(1) passed by the CPC Bangaluru

Know Your Income Tax, Service Tax, Custom, Excise Challan Status online

Any one can check the Income Tax, Service Tax, Custom, Central Excise Challan Status using the basic details like 

  • BSR Code of Collecting Branch
  • Challan Tender Date(Cash/Cheque Deposit Date)
  • Challan Serial No.
  • Amount

Following Details will be generated for the given Income tax Challan

  • BSR Code of Collecting Branch
  • Challan Tender Date
  • Challan Serial No.
  • Major Head Code – Income Tax on Companies code 0020 or Income tax Other than Companies code 0021
  • Minor Head Code – Advance Tax (100), Surtax (102), Tax On Distributed Profits(106), Self Assessment Tax (300), Tax On Regular Assessment (400)
  • Assessment Year: For 2012-13 (2012), For 2013-14(2013), For 2014-15 (2014)
  •  TAN / PAN: ANYPA1234N(Your 10 digit PAN number)
  • Name of Taxpayer
  • Received by TIN on: DD-MM-YYYY
  • Amount

OLTAS Application

Income Tax Challan Correction, Rectification of Challan Details

Process of Income Tax Challan Correction and Rectification of Challan Details. One of the most common problem related to payment of income tax is wrong details filed in Income Tax Challan,  So how to rectify or correct the Income Tax challan or how to transfer the   income tax paid to correct PAN Number or how to correct assessment year in IT Challan. So to solve the challan correction problem income tax Income Tax Department has introduced OLTAS (On Line Tax Accounting System), the physical challans of all Direct Tax payments received from the deductors / taxpayers are digitized on daily basis by the  collecting banks and the data transmitted to TIN (Tax Information Network) through link cell. At present, the banks are permitted to correct data relating to three fields only i.e. amount, major head code and name.

The other errors can be corrected only by the assessing officers. So if person want to correct the PAN number or  Assessment Year in Income tax Challan can do so within 7 days by filing application with Bank of Deposit but after 7 days he has to contact assessing officer for any correction in Income Tax Challan.

New Procedure of challan correction by banks (for physical challans):
To remedy this situation, a new Challan Correction Mechanism for physical challans has been put in place. Under this mechanism, for income tax payments made on or after  1.9.2011, the following fields can be got corrected through the concerned bank branch:

  • Assessment Year,  TAN/PAN,  Total Amount  can be corrected with in 7days from challan deposit date
  • Nature of payment (TDS Codes),  Major Head Code  Minor Head Code can be corrected with 3 months from challan deposit date.

Conditions for correction of Income Tax Deposit Challan by Bank
The changes can be made by the banks, subject to following conditions:

  1. Correction in Name is not permitted.
  2. Any combination of correction of Minor Head and Assessment Year together is not allowed.
  3. PAN/TAN correction will be allowed only when the name in the challan matches with the name as per the new PAN/TAN.
  4. The change of amount will be permitted only on the condition that the amount so corrected is not different from the amount actually received by the bank and credited to Govt. Account.
  5. For a single challan, correction is allowed only once. However, where 1st correction request is made only for amount, a 2nd correction request will be allowed for correction in other fields.
  6. There will be no partial acceptance of change correction request, i.e. either  all the requested changes will be allowed, if they pass the validation, or no change will be allowed, if any one of the requested changes fails the validation test.

Format of application to bank for challan correction to be requested by the taxpayer

To
The Branch Manager,
————————— (Address of Branch)
Taxpayer Details :
Taxpayer Name :
Taxpayer Address :
Taxpayer TAN/PAN :
Name of Authorized Signatory :
(in case of non-individual taxpayer)
Sub : Request for Correction in Challan No: 280/281/282/283 [Strike out which ever is not applicable]
Sir/Madam,
I request you to make corrections in the challan data as per following details :
Challan Details:
BSR Code Challan Tender Date (Cash/Cheque Deposit Date) Challan Sl. No.
Sl. No. Fields in which correction required Please Tick Original Details Modified Details
1. TAN/PAN (10 digit)
2. Assessment Year (YYYY)
3. Major Head code (4 digit)
4. Minor Head code (3 digit)
5. Nature of Payment (3 digit)
6. Total Amount (13 digit)
Note: Please tick against the relevant fields where changes are required.

Tax payer/Authorized Signatory

Date
Note:
1. Attach copy of original challan counterfoil.
2. In case of correction to challan 280, 282, 283 attach copy of PAN card.
3. In case of a non-individual tax payer, attach the original authorization with seal of the
non-individual tax-payer.
4. The request form for correction is to be submitted in duplicate to the bank branch.
5. A separate request form is to be submitted for each challan.

Income Tax Refund for Year 2012

Processing of returns of income, including those with refund claim, is a continuous process. Statutory time limit to process returns of income is with reference to the financial year of their receipt.

As per the Income Tax Act, 1961 returns received during the financial year can be processed upto one year from the end of the financial year in which the return is received. Therefore, returns for the accounting periods as F.Ys 2009-10 and 2010-11 if filed during F.Y. 2011-12 can be processed upto 31.03.2013. Normally, after processing of return, the refund generated is used in due course. The timelines for processing of return of income are complied with as these are contained in the Income Tax Act and statutorily enforceable.

The data for amount of refunds paid is maintained on all India basis and not region-wise. The all India data for refunds alongwith interest paid is tabulated as under:

Sl.No.

Financial Year

Refund (in Rs. crores)

1

2009-10

57349

2

2010-11

73441

3

2011-12

*95278

4

2012-13 (upto Oct. 2012)

*51908

*figures are provisional

As the veracity and quantum of refund is determined on processing of the return of income (including matching of tax payment data), there may be variation between the refund allowed and the claim made in the return of income. Thus, data about number as well as amount of refund due to be paid is not maintainable.

Grievances or claims about refunds, if any, received are looked into by the Assessing Officers concerned and appropriate action in accordance with the provisions of the Income Tax Act is taken.

Various steps taken by the Department to expedite refunds are as under:

(i)  Promoting e-filing of the returns for speedy processing

(ii)  Issuance of refunds through Refund Banker

(iii)  Centralized Processing Centre (CPC) at Bengaluru has been set up to process e-returns.

(iv)  Through Citizens’ Charter and other press releases issued by the Department, tax payers are requested to carefully mention the relevant particulars in return of income.

(v)  TDS deductors are required to compulsory e-file their TDS returns on quarterly basis.

(vi)  Mandatory quoting of deductee PAN in the quarterly statement of TDS filed by the deductors.

(vii)  Facility of viewing the Tax Credit Statement in Form 26AS is made available to tax payers so that they can verify the TDS details before filing the return of income and take proper steps with the deductor(s) to rectify mistakes, if any.

(viii) Online viewing of status of tax payers refund is available for better information dissemination.