Sunday , November 24 2024

If you ignore this message after filing ITR, the return will be rejected, this process has to be completed within 15 days

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ITR Filing: After filing the income tax return, if the return is declared defective by Bangalore CPC, if it is not amended by the taxpayer within fifteen days, then the taxpayer's return becomes invalid. This information is sent only to the taxpayer's e-mail address. Therefore many taxpayers are not aware of this and their returns are becoming invalid.

If there is no response within 15 days, the return will be voided

The taxpayer is generally given fifteen days' time after e-mailing the defective return. But if no response is received from the taxpayer within fifteen days, then his return is considered invalid. This mail should be checked or the taxpayer has to log in and check. No other information has been given by the department in this regard. Otherwise, their return will be considered as not filed.

It is used to determine whether the taxpayer is entitled to a refund or not

After filing the income tax return, after e-verification, based on the data available in the taxpayer's income tax account, it is decided whether the taxpayer has to deposit the excess amount of tax or not or whether the taxpayer is entitled to a refund or not. It is also ascertained whether there is any other defect in the taxpayer's return or not.

Under these circumstances the return becomes defective

If there is any discrepancy in the details of the taxpayer's 26AS, Annual Information Statement, TIS, then the Income Tax Officer declares it defective. Even though the income shown in your return is Does not match total income under 26AS Yes, the return is treated as a defective return.

Income tax officials point out errors such as not recording the amount of dividend or TDS deducted in the return. Returns also become defective in cases where income is shown under a wrong head. Returns are considered defective even if wrong deductions are claimed or omitted to be submitted along with the audit report. Returns are also considered defective if TDS is found to be claimed in excess of the total receipts.

If the defect is not answered within fifteen days, the return is considered invalid

According to Chartered Accountant Karim Lakhani, if the taxpayer fails to respond to the above mentioned defect pointed out on mail within fifteen days, the taxpayer's return becomes invalid. If the return is not considered filed and a revised return is not filed by December, the taxpayer is penalized for not filing the return. If the taxpayer is entitled to any refund, he does not get that refund. Also, if a loss return has been filed, the loss cannot be carried forward.

Taxpayers are not informed by the government in any other way for such defective returns. If the taxpayer sees that mail, he can amend the return by responding to it. This may also give an answer as to why there is no need to amend the return.

Keep checking by logging in to the income tax site

If you receive an email from the Income Tax Department after filing your income tax return, you should take it seriously and either respond to it yourself or take the advice of your tax advisor and arrange to respond within 15 days. If they respond within fifteen days, they will get a chance to file a revised return. Most taxpayers do not see the message in the mail. So in a year or two they come to know that their return has not been filed at all. Because the Income Tax Officer declares the return invalid without receiving a response.

How returns are verified and processed

– Taxpayer files return

-Return upload will be confirmed after e-verification

– An official from the Central Processing Centre, Bengaluru will check it to see if there is any fault

– Send email to taxpayer if discrepancy is detected

– After sending the email, you will be given a chance to respond within fifteen days

– Messages are not sent via any means other than e-mail

– If the e-mail is not responded to within fifteen days, it will be considered that you have not filed the return.