Do you have an income tax refund? It means you overpaid taxes during the last financial year. Employees can avoid overpaying taxes. They need to offer the right information & details to their employers and other deductors
They need to keep track of TDS deducted against their PAN. Self-employed persons can avoid tax by estimating their income. They also need to project their upcoming accurate taxes. They can pay advance tax every quarter to avoid interest on self-assessment tax. Looking for Income Tax Refund Services near me online in Chennai? iMaster India Private Limited offers Income tax refund services for nominal fees.
Want to check income tax refund status? Wondering about how much time it takes to get an income tax refund in India? Want to know e filing refund status? Want to know income tax refund time? We are here to answer your income tax refund queries when you engage us as your income tax consultants.
What is Income Tax Refund?
An income tax refund is reimbursement of excess tax paid to the government by an Income-tax assesse. Many taxpayers perceive income tax refunds as a stroke of luck or bonus. But it is not so. It is an amount paid over and above the actual tax payable for a financial year. Of course, you get IT-refund interest. But it is avoidable when compiling your tax workings with the right provisions and pay correct taxes. The bottom line being, you can avoid paying excess taxes. You could use the money in a productive way elsewhere.
You are eligible to claim an Income tax refund when you have paid more tax than the actual tax liability. It could be due to tax deducted at source from the deductor too. You get an income tax refund, only-after your IT returns get processed by the IT officer. This may take a couple of months. But you get an IT refund only-when proper steps get followed in filing the income tax returns. Here are the steps to claim an income tax refund
Steps to claim an income tax refund ?
Make sure you have got your income tax returns filed accurately. Ensure it gets done through e-filing procedures. IT department processes automatic refunds in case you are eligible. Is it your first-time filing income tax returns? It is advisable to get your tax workings and tax filing done-with professionals. Chartered accountants, tax filing experts & tax return prepares are some of your options.
In case you desire to do your IT filings on your own and want to get an IT refund. Here are a few tips. Visit the income tax e-filing web portal. Register your PAN in the e-filing portal. Under the download tab, select assessment year and download the relevant ITR form. Open excel or java utility and provide all details. In case you have paid excess taxes it gets reflected in the ‘refund’ field of your ITR form. Confirm details and generate an XML file. In the income tax e-filing, web portal click submits- return button and upload the XML file. After successful ITR filing, e-verify your ITR return. Your IT returns filing becomes invalid without the e-verification process. Your refund amount as per ITR is based on details given by you. But the IT officer will verify details and calculates the actual refund amount. Sometimes it can be different from your income tax computation and refund workings. Once your income tax returns get processed, you will get intimation from the department. It can be through email and SMS about your refund from the department.
Steps to check your income tax refund status
Want to check your income tax refund status? No need to run around income tax offices. Now all income tax-related general activities can get done online. To check your status of the IT refund, log in to your e-filing account. Under ‘My account’ click on the refund/demand status button. You get redirected to another page. Fill in the info and get the status of your refund. Sometimes your refund may get delayed due to some reasons. Like errors in ITR form and others. The same will reflect here. Do you think you have done your ITR filing the correct way with the right details? But still, your refund is being delayed. You can submit a formal complaint at the e-filing portal. E-nivaran form is available online to submit your grievance to the IT department. The respective authorities will respond to your grievances.
How do we work?
Filing income tax returns & getting a refund is quick-easy with iMaster India private limited. Our filing fees are very nominal. Our tax team is great at communication. You need to answer a few of our simple questions. Submit relevant documents. You need to be ready with your details. Like salary, other income, loans and investments, and other details. We will handle the rest. We will prepare your income tax computation. And submit the same for your verification and confirmation. Your return gets filed after your confirmation. We file your return with great accuracy without any filing errors. We use top-notch technology to prepare your income tax computations. Our professional team ensures you get the biggest possible tax refund. Our team suggests deductions and tax exemptions applicable to you. This ensures to get the highest possible tax refund if applicable.
Why iMaster Income tax refund services
iMaster India Private Limited is one of the best-rated tax filing service providers in India. Every year 10000+users file their income tax returns through us. We prepare their tax return in the right format with the right tax provisions. We are a client-oriented company. For us, client satisfaction is a top priority. We value our client data and ensure it is safe. We follow the highest data security standards to protect your data from outsiders. iMaster India private limited is a professional firm. We run our company with great values and business ethics.
Our tax team includes top CAs. , CSs. , MBAs. , advocates and finance and tax experts with decades of experience across various industries. Our firm has been serving our clients for close to two decades. Many numbers of returns get filed with us with great accuracy. Even a great many clients got quick refunds. Accurate tax filing is our positive attribute. With us, you can be sure that your income tax return filing is in good hands. iMaster India Private Limited is a one-stop service for all your tax-related matters. We offer income tax return filing / IT notice support services / IT refund services/ advance tax estimations and other tax-related matters.
Have more questions? Need more details? Call or write to us today.