Skip to main content

FAQs about Income tax return processing

Common FAQs about income tax return filing and processing.

 

1. How long does it take for the return to be processed?

Ans: There is NO DUEDATE for the processing to be completed.


2. Do you have any update on processing?

Ans: CA will not get update on the returns. You can check the status of the return in the website.



3. How does the department pick a file for processing?

Ans: The file shall be picked by the system randomly and there is NO known logic regarding the same.



4. My friend/relative who has filed after me has received the refund but I did not. Why is that so?

Ans: System picks the file randomly and it does not know that both of you are related.


5. What is the tentative time for refund credit after receiving Intimation mail u/s.143(1)?

Ans: As per mail, the refund will be credited within 15 working days, provided the bank account is verified.



6. What is the tentative time for refund processing as per your experience over years?

Ans: I have seen various scenarios where the timelines were between 1 day - 18 months. 



7. What shall I do for faster processing of return?

Ans: There is no such procedure to expediate the processing. 


8.Can you do something for faster processing of return?

Kindly understand we do not have any liaison with the department. While dealing with the department, one needs to be calm and wait till the file is picked by system.


9. I have raised a grievance for processing/refund processing. When can I expect a positive response?

Ans: There is no guarantee that raising a grievance can immediately solve the issue of processing.



10. What shall I do after filing the return?

Ans: Make sure the return filed by you is verified using aadhar OTP or net banking or bank account.


11. I have checked my status in the website and the status is "Under Processing". What shall I do?

Ans: Kindly wait till the return is processed.



12. How shall I know that my return is processed ?

Ans: You will receive SMS/mail u/s 143(1) which informs you about the completion of assessment.




Comments

Popular posts from this blog

Budget 2025 highlights

Let us discuss about the key points from the budget presented today. This budget will be effective for the Financial Year 2025-26. Personal Income- tax Reforms with special focus on middle class There is no change in income tax rates under Old regime. There will be no income tax payable upto income of Rs.12 lakh (i.e. average income of Rs.1 lakh per month other than special rate income such as capital gains) under the new regime. This limit will be Rs.12.75 lakh for salaried tax payers, due to standard deduction of Rs. 75,000.   In the new tax regime, the tax rates will be as below. Rebate on income-tax  Resident individual with total income up to Rs.7,00,000 do not pay any tax due to rebate under the new tax regime. It is proposed to increase the rebate for the resident individual under the new regime so that they do not pay tax if their total income is up to Rs.12,00,000. Marginal relief as provided earlier under the new tax regime is also applicable for income marginal...

Taxation on sale of listed equity shares for FY 2024-25

Understanding the tax implications on sale of equity shares. Taxable Event: When the listed equity shares are sold. Capital Gain: When the sale price is more than purchase price. Capital Gain= Sale Price - Purchase Price - expenses on Sale (brokerage, commission etc) Capital Loss: When the sale price is less than purchase price. Long Term Capital Gain:  Holding Period: Shares are sold after holding them for a period of more than 12 months. Tax Rate: Long term Captial Gains are exempt upto Rs.125,000 per annum (For FY 2024-25) Long Term capital gains will be taxed @12.5% with respect to equity shares sold after 23.07.2024. Long Term capital gains will be taxed @10% with respect to equity shares sold between 01.04.2024 to 22.07.2024. Note : LTCG will be calculated on gains exceeding Rs.125000 only. Short Term Capital Gain:  Holding Period: Shares are sold after holding them for a period of lessthan 12 months. Tax Rate:  Short Term capital gains will be taxed @20% with ...

Newly issued GST registration guidelines dt.17.04.2025

Overview of the newly issued GST registration guidelines aimed at reducing unnecessary hurdles and ensuring smoother processing 📋 Officer Conduct Instructions Follow document checklist in FORM GST REG-01 only. Do NOT ask for: Original physical documents Additional/unprescribed documents ⏱️ Application Timelines ✅ Not Risky & Aadhaar Authenticated: Within 7 working days ⚠️ Flagged / Aadhaar Not Authenticated: Within 30 days (includes physical verification) 👨‍💼 Principal Chief Commissioners to oversee and review processes regularly. 🏢 Documents for Principal Place of Business Type of Arrangement-->Documents Required Owned--> One valid document (e.g., electricity bill, tax receipt) Rented (Registered Agreement)-->Rent/lease agreement only – no lessor ID needed Rented (Unregistered)-->Rent/lease agreement + lessor’s ID proof Tenant has utility bill on his name-->Acceptable with rent agreement Other’s Property (e.g., Spouse)-->Consent letter + ownership proof + I...