Insight Horizon Media

Your trusted source for breaking news, insightful analysis, and essential information.

business

How do I make a valid invalid return?

Writer Olivia House

Here are the steps involved in the first method.

  1. Login to the income tax e-filing website.
  2. Access e-file -> Income Tax Return.
  3. Select the correct assessment year and the correct ITR form.
  4. You can then start filing the ITR with all relevant information from your Form 16.

Does your employer know if you filed taxes?

No, they cannot. Or rather, it is a federal offense for anyone to access your personal tax information except for you. If you believe that your HR person really is doing this, you need to contact the IRS immediately and determine if your tax records have been illegally accessed.

What happens if condonation request is rejected?

Your condonation request is forwarded for approval. This return will be invalid till approved”. Hence, in case the assessing officer reject the condonation request, return will be treated as invalid. Since the earlier return as been invalidated, it is advised to file the revised return.

What are the consequences of incorrect tax filing?

This could be one of the consequences of improper tax planning. The IRS may spot numerical errors in the way you declared your taxes, which resulted in a lower tax amount to be paid. In such cases, the IRS will charge you the remaining amount that you owe, along with a penalty for late payment.

Is there any third party assistance for filing tax returns?

Any Grievances/requests are immediately attended and issues resolved quickly. Overwhelmed with the spontaneous response for any queries.No third party assistance required for filing returns etc. as the portal is self-explanatory. Heartfelt appreciations to entire team.

Is it easy to file tax return in India?

Really amazed to experience and the way IT return and tax filing have been made easy on the website. Many thanks to the department for making this possible. We need to emaluate this across country for making our citizens more empowered. This is true example of Digital India.

Which is more user friendly income tax portal?

More Portal is user-friendly. Any Grievances/requests are immediately attended and issues resolved quickly. Overwhelmed with the spontaneous response for any queries.No third party assistance required for filing returns etc. as the portal is self-explanatory.