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File your Income Tax Return quickly with All India ITR

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ITR Filing: Know All About Intimation Notice by the Income Tax Department U/S 143(1)

After the Income Tax Department has processed the income tax return, it will send an intimation notice to taxpayers under section 143(1) of the Income Tax Act 1961. The individuals who have filed their Income Tax Return for the financial year 2018-19 will receive the intimation on the registered e-mail Address same as registered in the e-filing account. The notice will inform you whether the income tax computation in the ITR filed by you matches as per the record. This process includes the estimation of any errors, internal and external inconsistencies, tax & interest calculation and verification of tax payment, etc. Therefore, it is more like a prima facie valuation by the tax officials to check whether the information is accurate or not. This whole process is called an assessment, in such cases, if there is any mismatch or the department is unable to verify the content and information, it may issue a notice. Previously, these notices were sent by post but currently, t

Why to File Income Tax Return on Time

The final date to file Income Tax Return is 31 st July 2018 for the financial year 2017 -18 and you must file your ITR as soon as you can. You must be thinking, why you are required to file your Income Tax Return time. Here we will tell you some reasons, behind it: - Download Click Here and use our Android App to file Income Tax Return · If you don’t file your ITR on time, then in that case you will have to pay a humongous amount of penalty. As per Section 234F of the Income Tax Act , 1961. If you fail to file your Income Tax Return by 31 st July 2018, then you will have to pay a penalty of Rs. 5000. If you don’t file ITR between August to December and then file it after 31 st December 2018, then in that case you will have to pay a penalty of Rs. 10,000. For those who have annual income of less than Rs. 2Lakh, they will have to pay a penalty of Rs. 1000. Download Click Here and use our IOS App to file your Income Tax Return · It is important

Benefits That Comes Along with Online Filling of Income Tax Return

Getting online for every job has become the new trend today and the latest addition to that lifestyle is online income tax filing process. Doing tax return online offers quite a number of benefits that are enough to attract your attention towards this new process. It is faster, better and more accurate than manual tax calculations. The first thing to mention is the time efficiency of this system which takes just few minutes to file income tax return online. It is available 24x7 which allow you to do this job whenever you get time where the physical filling was strict to working timings. Not only submitting the return form is easy with online system but also processing tax refund is quicker with this system. Not only this but online income tax filing allows you to keep track of your refund status regularly. Next benefit to mention is its high data efficiency that minimizes all chances of calculation blander and errors. The e-filling software has in-built data validation that left

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