Filing your Income Tax Return (ITR) is just the first step. After submission, checking the status of your return is equally important. Without monitoring, your return or refund may get delayed or even ...
How To Check ITR Return Status: Have you filed your income tax return and are now waiting for the refund to be credited to the bank? Let us tell you that you are not alone in this wait. In fact, after ...
his usually happens due to excess TDS, advance tax, or self-assessment tax. Once your return is processed by the Income Tax Department, the extra amount is credited back to your bank account.
The amount of the income tax refund is equal to the excess tax paid, which is not taxable and cannot be considered income.