Steps To Check Outstanding Tax Demand Status
Taxpayer can submit the response on-line to the excellent demand by both selecting to Agree or Disagree with the demand.
Filing an Income Tax Return (ITR) is a course of that people and companies should undertake to report their revenue and pay taxes to the federal government. The process entails submitting the required monetary info and paperwork to the Income Tax Department. To file your ITR, it’s good to first decide the relevant ITR kind primarily based in your revenue sources and class.
After figuring out the suitable kind, you may both select to file your ITR on-line or offline. Online submitting is essentially the most handy and common methodology. To file on-line, it’s good to go to the official Income Tax e-Filing web site and create an account. Once logged in, you may choose the related ITR kind and supply the required particulars reminiscent of private info, revenue sources, deductions, and tax funds. It is essential to make sure accuracy whereas filling within the info to keep away from any discrepancies or penalties.
If you have got earned revenue from a number of sources or in case your revenue exceeds a sure threshold, chances are you’ll have to get your accounts audited by an authorized chartered accountant earlier than submitting your ITR. Once you have got accomplished filling within the required info, you may confirm the main points and submit the shape electronically. After profitable submission, you’ll obtain an acknowledgment receipt generally known as the ITR-V (Income Tax Return Verification) kind.
There are circumstances the place chances are you’ll obtain a demand of excellent tax and you’re required to answer it. There are easy steps by means of which you’ll be able to examine the standing and get full particulars on-line and reply to the demand.
Below are the steps to examine the standing of excellent tax demand;
Outstanding Tax Demand Status And Respond To An Outstanding Demand
Taxpayer can submit the response on-line to the excellent demand by both selecting to Agree or Disagree with the demand.
Following are the steps for responding to the excellent demand.
Step 1: Go to https://www.incometax.gov.in/iec/foportal/​ ​​​​​
Step 2: Login to ‘e-Filing’ Portal https://www.incometax.gov.in/iec/foportal/
Step 3: Go to the ‘e-File’ menu
Step 4: Click ‘Response to Outstanding Demand’. All excellent calls for shall be displayed right here.
Step 5: Click on ‘View’ hyperlink below ‘Response’ column. ​
Choose any one of many listed responses.
- Demand is appropriate
- Demand is partially appropriate
- Disagree with demand
- Demand is just not appropriate however agree for adjustment
-On selecting ‘Demand is correct’, click on on ‘Submit’ button to ‘Confirm’ and full the response submission course of.
Note:
-If you affirm ‘Demand is correct’ you then can not disagree with the demand once more.
-If any refund is due, the refund shall be adjusted towards the excellent demand.
-The taxpayer pays the demand by clicking the hyperlink below ‘Pay Tax’ choice.
On selecting ‘Demand is partially correct’, Enter the ‘Amount which is correct’ and the ‘Amount which is incorrect’ shall be auto stuffed. Select the suitable purpose(s) from the listing and fill all of the relevant fields, add the required supporting paperwork and ‘Submit’ the response.
On selecting ‘Disagree with demand’, Select the suitable purpose(s) from the listing and fill all of the relevant fields, add the required supporting paperwork and ‘Submit’ the response.
On selecting ‘Demand is not correct but agree for adjustment’, Select the suitable purpose(s) from the listing and fill all of the relevant fields, add the required supporting paperwork and ‘Submit’ the response.
A hit message together with Transaction ID is displayed on profitable submission of the response.
Taxpayers ought to word that submitting your ITR on time and precisely is a authorized obligation and failing to take action can entice penalties and authorized penalties. Therefore, it is strongly recommended to hunt skilled recommendation or seek the advice of a tax professional to make sure compliance with the tax rules and make the submitting course of smoother.
