About ITR-V and Checking Income Tax Refund Status

Fail to verify Income Tax Return will not process your filed income tax return and it will be considered as non-filing of ITR.

Downloading the ITR-V

• Access the official website of Income Tax Department and log into your account.
• Click on “View Returns / Forms” and you will see all the ITR you have filed so far.
• Click on the related acknowledgment number and the form will start downloading.

Sending ITR-V to CPC

CPC or Central Processing Unit is situated in Bangalore and process the acknowledgment form for refund issue. Once the ITR-V generates after completing the E-filing income tax process. The ITR-V form requires a password to open it which is a combination of PAN number and DOB of the taxpayer.

Example password:

PAN: ABCDE1234F
DOB: 01/01/1988
Password: ABCDE1234F01011988

The form needs to be downloaded, printed off and signed duly by the taxpayer before sending it to the CPC, Bangalore.

Track Receipt Status of ITR-V

CPC provides tracking facility for the taxpayers and there are multiple ways to do that. Tracking is important as a taxpayer need to be informed about the unfortunate postal loss of the ITR receipt form.

To keep a track on the ITR-V status, you can do any of the following:

• Once CPC receives your ITR-V, they issue a notification email to the registered email ID of the taxpayer. They send the email one month after receiving the ITR verification document.
• Go to the official E-filing website, and click on the “Services” section in there. Enter your PAN number, acknowledgment number and year of assessment in there to track receipt status.
• You can also call CPC, Bangalore by using the toll-free 1800-425-2229 number or 080-22546500.

Track Intimation Status

• One month after receiving the ITR-V, CPC will send an email to the taxpayer confirming receipt. Such intimation is refered under Section 143(1). This mail also contains details such as total paid tax, TDS deducted, other deduction claimed etc along with the difference in any of them.
• This mail contains two column, one shows income tax return paid by the taxpayer and other shows tax calculated as per section 143(1).
• It is recommended that taxpayer must analyse the mail carefully to confirm that all details are given correctly.
• The mail may contain the difference between paid tax and amount calculated by the IT department as referred under Section 156. If such thing happens, then you will have to pay additional taxes.

The meaning of Various Tracking Status

• Filing status – ensure that this status is shown on the tax return.
• Social Security – you must enter IRS or SSN is shown on the tax return.
• Refund amount – the amount to be refunded back must be mentioned in here.

Tracking Income Tax Refund Status

If IT department has calculated tax more than you have paid then you can claim a refund on that. The refund will be issued either through bank cheque or will be transferred to your primary bank account. In such case, you can check the refund status by logging into your account by accessing the official website of the IT department. You can also check refund status on TIN website once the return gets processed by the IT department.

Documents need to be Retained as Proof

One must need to retain IT records carefully as IT Department can initiate any legal proceeding within 6 years.

To get expert tax refund advice, browse www.allindiaitr.com and avail expert assistance.