7 ways by which you can get Income Tax refund at the earliest

Here are the 7 ways using which you can get income tax returns at the earliest

Updated: Apr 02, 2016, 19:02 PM IST
7 ways by which you can get Income Tax refund at the earliest

New Delhi: Once inciome tax returned have been filed, individuals look for getting income tax refund at the earliest. Here are the 7 ways using which you can get income tax returns at the earliest.

1. File tax returns on time

It's very important that you file tax returns on time in order to seek refunds since IT department doesn't calculate and send tax refund on its own. So, you must file tax return at the earliest.

2. Online filing of IT returns

Filing tax returns online has become compulsory from last year for people expect8ing tax refund. Also, filing online saves you from cumbersome paper work and other procedural errors.

3. Crosscheck Form 16 with Form 26AS

It's important to match the TDS shown in Form 16 with Form 26AS as based on the status available in Form 26AS IT department refunds the amount.

4. Mention correct TAN number

Any entity with a valid TAN number must mention correct TAN number while filing IT Return. In case, wrong TAN number is mentioned, IT department may not be able to refund the due money.

5. Choose correct ITR form, submit right bank account details & address

Most delays are recorded due to choosing wrong ITR forms, hence one should be judicious in selecting them. One must also be careful while providing bank account details especially if you have opted for direct credit to bank account. In case you have asked for refund through cheque then physical address mentiomned should be right. This will lead to uncecessary detail in getting refunds.

6. Your name on PAN card and Bank should be identical

7. Track refund status

You can track your refund status by visiting IT Department Refund Status portal.

You can also contact the IT Department for any refund related query, the taxpayer should contact Aaykar Sampark Kendra at 0124 2438000 or email at refunds@incometaxindia.gov.in.

For refund related query or any modification in refund record relating to Return processed at CPC Bangalore, the CPC may be contacted on 1-8004252229 or 080-43456700.