NEWS & ADVICE : FIXED DEPOSITS
Haven’t filed a return of your income? File Now
By Joseph Samson
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At the same time, you should check if you are getting a refund from the IT Department or have to pay tax. In case you are liable to pay a tax, you should get hold of Form 280, fill it up and deposit it any bank along with the tax payable in cash or cheque. You can also pay tax through Internet banking. In both cases, you will get a receipt number which has to be quoted in the ITR form.

Also under the new procedure, one does not need to attach any documents or enclosures with the return of income. However the Income Tax Officer may demand them at future stage and thus it is advised that the individual preserve all the documents required to confirm the return of income filed.

So make sure you have filed your return of income before this financial year ends on March 31st, 2009 because filing after this date would draw a penalty of Rs 5,000 apart from the additional interest rate that has to be paid.

 


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(Comments Posted : 1) Post Your Comments
1. suppose, if the tds deducted by bank is not deposited with the government, then how should I proceed further in the matter?
Bank issued tds certificate to me but failed to deposit the tds with govt. I requested them to deposit the amount so that I can declare ITR for this year, but they did not do so and simply saying that the process of uploading is oursourced. How long I have to wait for the same as time to submit ITR is 31st july.
How to deal with the matter now? Shall i take this matter to the Incometax department or any other forum to solve my problem. Please suggest.
THanks,
Krishna
krishna (Posted: Jun 29, 2011)
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