Status of return filed ONLINE ITR-V

Friends,

The Centralised Processing Centre of the Income Tax Department here has processed over 26 lakh e-filed returns in Forms 1-4 for the assessment year 2009-10. It has determined refunds in over five lakh cases. A release said refunds are being sent through State Bank of India.

There are two option to know your status of Income Tax Return filed online without digital signature or say Status of ITR-V sent by Post to Bangluru

1. Login on the Income Tax e-filing Portal www.incometaxindiaefiling.gov.in and follow the following steps

    * Login to the e filing site with your pan and password.
    * Go to the “My Account ” tab
    * In drop down menu under My account Tab click ” e- filing processing status”
    * In next screen fill you ITR-V acknowledgement Number and Select your assessment year.
    * You will get status of your return/ITR-V processing status in next screen.

2. To  know the status of Income Tax Return filed online without digital signature or say Status of ITR-V sent by Post to Bangluru- Click the Picture given below then enter your pan and click submit

Filing Income Tax Return after due date

Friends,

The due date for filing income tax return for  corporate assessees and other assessees who are  required to get their accounts audited under Income Tax Act 1961 or under any other law for the time being in force is 30th September and for others it is 31st  July every year as have been prescribed u/s 139(1).

These due dates are also sometimes extended by the CBDT as this year has been done, extending the due date from 31st July to 4h August. For a layman sometimes it may create doubt if he fails to file his return of Income within due date, whether he can file his return of Income after the due date, especially when  he is under no obligation  to get his accounts audited under Income Tax Act or under any other law.

The answer to this question is yes. Under section 139(4) a belated return can be filed before the expiry of one year from the end of relevant assessment year or before the completion of assessment whichever is earlier.

But, where the assessee has some capital loss or loss from business or profession to be carried forward he should file his return of income within the due date as prescribed u/s 139(1). As per section 139(3), no loss shall be allowed to be carried forward under the head Business or Profession or under the head Capital Gain unless the return is filed within the due date as mentioned in section 139(1).

Where return of income is filed after the due date, interest u/s 234A will be payable. But if there is already tax has been deducted from the income of the assessee or advance tax has been paid by the assessee and there remains no tax to be paid after such T.D.S or advance tax then no interest is levied u/s 234A for filing the return after the due date.

It is to be noted that a penalty of Rs 5000 may be imposed u/s 271F if the return of income is not filed within the end of the relevant assessment year. For example, such penalty is imposable if return for asst. year 2010-11 is not filed by 31st March 2011.

It should also be noted that where a belated return is filed u/s 139(4), no revised return u/s 139(5) can be filed as it was held in Jagdish Chandra Sinha v. CIT 220 ITR 67 (SC).

Thus if your due date for filing return was 31st July further enhanced to 4th August this year and you miss to file it within due date you can still file it after the due date as stated above.

SMS BASED SERVICE FOR CHALLAN STATUS

National Securities Depository Limited (NSDL) provides CIN (Challan Identification Number) based view of direct tax challans to taxpayers to know the status of challan on its web-site. In addition to the above facility, NSDL has launched a Short Message Service (SMS) based facility to know the status of its challans. The procedure for availing this facility is as under:
 

1. The tax payer can send an SMS to 575758 with a message containing the word CSI followed by a space and CIN provided by the respective Bank at the time of making the Direct tax payment.
 

2. The CIN should be separated by comma (,).
 

3. Challan Identification Number (CIN ) consists of details such as BSR Code of Collecting Branch (seven digit) , Challan Tender Date (DDMMYYYY) and Challan Serial No (length less than or equal to 5 digit) and Amount.
 

4. The amount is an optional field. If the amount is entered by the tax payer he would get the confirmation whether amount entered is matched or otherwise as per NSDL database.

For e.g., if the tax payer input “CSI 0510001,11032009,5,5000” where in

“0510001” is the BSR code of the collecting branch,

“11032009” is the Challan tender date,

“5” is the Challan serial number and

“5000 is the amount paid by the taxpayer.

The tax payer will get the information against which TAN/PAN the payment has been accounted with the confirmation whether amount entered is matched or not. (This is an illustrative challan identification number, actual CIN should be provided in the SMS).

There will be special charges for these SMS. These charges may vary from one mobile service-provider to another. The charge structure can be obtained from  the concerned service-provider. The status of the CIN based view will continue  to be available from NSDL-TIN web-site www.tin-nsdl.com or NSDL Call Centre at 020-27218080 or Aykar Sampark Kendra at 0124- 2438000

SMS BASED SERVICE FOR PAN & TAN APPLICATION STATUS

Friends,

If you have applied for PAN/TAN card then you have got an acknowledgment number. With the help of this number you can find you PAN/TAN no. by sending a simple SMS. National Securities Depository Limited (NSDL) processes PAN and TAN applications on behalf of Income Tax Department. With a view to keep the applicant updated about the status of his application, NSDL has launched a Short Message Service (SMS) based facility. The applicant can send an SMS to 53030 with a message containing the word PAN followed by a space and the 15-digit acknowledgement number provided at the time of submission of application i.e., PAN ACKNOWLEDGEMENT NUMBER (e.g., PAN 123456789012345 – this is an illustrative acknowledgement number. Actual acknowledgement number should be provided in the SMS). Similarly, to know the status of TAN application, applicant can send the SMS to 53030 with a message containing the word TAN followed by a space and the 14-digits acknowledgement number provided at the time of submission of application i.e., TAN ACKNOWLEDGEMENT NUMBER (e.g., TAN 12345678901234 – this is an illustrative acknowledgement number. Actual acknowledgement number should be provided in the SMS). There will be special charges for these SMS. These charges may vary from one mobile service-provider to another. The charge structure can be obtained from the concerned service-provider. The status of the PAN/TAN applications will continue to be available from NSDL-TIN web-site www.tin-nsdl.com or NSDL Call Centre at 020-27218080 or Aykar Sampark Kendra at 0124- 2438000.