Understand Defective Return Notice under Section 139 (9) | Upload form 16 on TruTax

Understand Defective Return Notice under Section 139 (9) | Upload form 16 on TruTax

Understand Defective Return Notice under Section 139 (9)

If you get the Notice under Section 139 (9) then it is about Defective Return Notice. You can get this Income Tax Notice under Section 139 (9) due to various reasons and mistakes done while filing your income tax returns. There is no need to panic about this notice as you just need to understand the reason behind it which you will get through mail by Income Tax Department.

In case if you will get the Defective Return Notice then you just need to correct your mistakes and provide the required information mention on mail while filing your return again within given deadline. You will get 15 days to rectify the errors and file your returns correctly. In case if you ignore this notice and fail to rectify the errors mention by the Income Tax Department then your return will be treated as invalid which can be resulted into serious consequences.

Reasons of Defective Return Notice under Section 139 (9):

- Proof of TDS, Advance Tax and Self Assessment Tax.

- Incorrect Income Details Information.

- Claiming Income Tax Refund without paying full taxes.

- Mismatch name on Income Tax Return and PAN Card.

- Fail to provide copy as proof in case of audit under Section 44AB.

- Incorrect income information under the head “profits and gains”.

- Failure to provide mandatory information in ITR form.

It is very important to rectify these errors and file your income tax return within given deadline.

How to rectify the errors under in Defective Return Notice u/s Section 139 (9)?

The process to submit the response to Defective Return under Section 139 (9) as follows:

-Login to Income Tax e-filing Website: http://www.incometaxindiaefiling.gov.in/.

-Click on “e-file in response to Notice u/s 139 (9).

-You will be redirected to the page where you can check the Defective Return Information.

-If the assesse agree with the specified defective return info then you need to select “Yes” under the column name “Do you agree with defect”. In other case Assess can also select “No” if assesse does not agree with the defective return and mention remarks also to provide information.

-If Assesse is agree with defective return and selected “Yes” then Assesse need to upload the relevant XML Return.

-On successful completion of the response to the defective return assesse can view the success screen and click on “View” link under response column. Assesse can also note down the acknowledge number and date while filing the Return.

Click here to know about the Income Tax notice under Section 143: https://www.trutax.in/income-tax-notice

Online Income Tax Return: Income Tax Deductions for AY 2017-18

Online Income Tax Return: Income Tax Deductions for AY 2017-18: Important Income Tax Deductions for AY 2017-18: 80C Deductions,80D Deductions. Income Tax Deductions under Section 80C,80D are the...

Income Tax Deductions for AY 2017-18 | Upload form 16 on TruTax

Income Tax Deductions for AY 2017-18 | Upload form 16 on TruTax

Income Tax Deductions for AY 2017-18

Important Income Tax Deductions for AY 2017-18: 80C Deductions,80D Deductions.

Income Tax Deductions under Section 80C,80D are the most common options for the taxpayers to reduce the tax burden. There are many income tax deduction rules as per income tax act which taxpayers should know to increase their tax savings while filing income tax return.

Income Tax Deduction under Section 80C:

What is Section 80C Deduction?

Section 80C is the most common income tax deduction section or tax saving section that allows the deductions of Rs.1,50,000.

Section 80C Deduction includes various income tax saving options/instruments which taxpayer can choose to increase their investment plans.

These are the best tax saving schemes available under Section 80C:

Investment in ELSS: ELSS (Equity Linked Savings Scheme) are the tax savings scheme that invest primarily in equities. The lock-in-period of ELSS is 3 years. You can invest through a SIP (Systematic Investment Plan).

Investment in PPF (Public Provident Fund) under Section 80C Deductions: The lock-in-period of PPF is 15 years.

Investment in EPF (Employee Provident Fund) under Section 80C Deductions.

Investment in NPS (National Pension System) under Section 80C Deductions.

Investment in NSC (National Savings Certificates) under Section 80C Deductions: The lock-in-period of NSC is 6 years.

Investment in ULIP (Unity Linked Insurance Plans).

Investment in Sukanya Samriddhi Yojana.

Investment in Life Insurance.

Investment in Senior Citizen Saving Scheme.

Section 80C Deduction is applicable to Individual and HUF and allows deduction up to Rs.1.50 lakh.

Income Tax Deduction under Section 80D:

What is Section 80D Deduction?

Section 80D Deduction is applicable only for individuals and HUF. Section 80D Deduction provide deduction for medical insurance premium and health check-up.

The deduction amount is different for senior citizens and non-senior citizens under section 80D.

These are the types of deductions that you can claim under section 80D:

Section 80D Deduction on Health Insurance premium paid for your parents: You can get a tax deduction of a maximum of INR 25,000 under Section 80D.

Section 80D Deduction on Health Insurance premium paid for you and your family: You can get a tax deduction of a maximum of INR 25,000 under Section 80D.

Section 80D Deduction on health check-up: You can get a tax deduction of a maximum of INR 5,000 under Section 80D.

Section 80D Deduction on medical expenses of senior citizens: You can get a tax deduction of a maximum of INR 30,000 under Section 80D.

For our Tax Experts assistance related to income tax, you can register on Trutax and we will contact you to resolve your query: https://www.trutax.in/sign-in

GST Returns Filing

What is GST Return?

GST Return is a document which includes the information of sales, purchases, input tax credit and every taxpayer is required to file this GST returns.

The GST mechanism include electronic filing of returns, uploading of invoice level information and auto-population of information relating to Input Tax Credit from returns of supplier to that of recipient, invoice level information matching the auto-reversal of Input Tax Credit in case of mismatch.

Under GST taxpayer needs to file monthly returns and one annual return.

Know more about the GST rates: https://www.trutax.in/gst-rate-slab

You can file GST Return on GSTN portal- https://www.gst.gov.in/

Types of GST Returns and due dates:

GSTR-1, GSTR-2 and GSTR-3 are required to file by normal taxpayers.

These are the types of GST Returns and its due dates for filing of GST Returns:

GSTR-1:

GSTR-1 form includes the details of outward supplies of taxable good or services. This form contains 13 different heads like GSTIN of the taxpayer, Name, Turnover, Export Sales, Tax paid etc.

The due date for filing of GSTR-1 form is 10^th of Next Month.

GSTR-2:

GSTR-2 form includes the details of inward supplies of taxable goods or services. GSTR-2 form contains the heads like GSTIN of the taxpayer, Name, Details of Inward Supplies, Import of Goods, Tax paid, Input Tax Credit Reversals etc.

The due date for filing of GSTR-2 form is 15^th of Next Month.

GSTR-3:

GSTR-3 form includes the details of Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax. GSTR-3 form contains heads like GSTIN of the taxpayer, Name, Address of the taxpayer, Details of outward supplies, Details of Inward Supplies etc.

The due date for filing of GSTR-3 form is 20^th of Next Month.

GSTR-4:

GSTR-4 form includes the details of Quarterly Return for compounding taxable persons.

The due date for filing of GSTR-4 form is 18^th from end of the Quarter.

GSTR-5:

GSTR-5 form includes the details of Returns for Non-Resident foreign taxable persons.

The due date for filing of GSTR-5 form is 20^th from end of the month.

GSTR-6:

GSTR-6 form includes the details of Input Service Distributor Return.

The due date for filing of GSTR-6 form is 13^th of Next Month.

GSTR-7:

GSTR-7 form includes the details of Return for authorities deducting tax at source.

The due date for filing of GSTR-7 form is 10^th of Next Month.

GSTR-8:

GSTR-8 form includes the details of supplies effected through e-commerce operator and the amount of tax collected as required under sub-section (52).

The due date for filing of GSTR-8 form is 10^th of Next Month.

GSTR-9:

GSTR-9 form is required to file Annual Return by taxpayer. In this return, the taxpayer needs to furnish details of expenditure and details of income for the entire financial year.

The due date for filing of GSTR-9 form is 31^st December of next financial year.

GSTR-9A:

GSTR-9A form is used for Simplified Annual Return by compounding taxable persons registered under Section 10.

The due date for filing of GSTR-9A form is 31^st December of next financial year.

Taxpayer who fails to file GSTR-1, GSTR-2, GSTR-3 or Final Return within the due dates shall be liable to pay a late fee of Rs. 100 per day, subject to a maximum of Rs. 5,000.

Income Tax Refund Status

Income Tax Refund starts after processing of income tax returns complete by income tax department. Once taxpayer file the income tax returns and verify it then processing of income tax returns starts by the income tax department.

During the processing of income tax returns department checks whether there is any discrepancy in returns or not. Once it is verified by the income tax department then status of ITR would be “Successfully Verified” or “ITR processed”. You can check this status anytime on e-filing website of Income tax department.

During the processing of income tax returns if department finds any discrepancy in your ITR then it sends the notice to the particular taxpayer.

Read more about the income tax notice in detail here: https://www.trutax.in/income-tax-notice

If in case there is any discrepancy in your returns then you will get the notice under Section 143 which will clearly mention the reason behind it.

Important points to know about the income tax refund status:

1.Refunds are processed in two ways which are direct credit or cheque.

2. In case of direct credit account number and IFSC code mention is mandatory in ITR.

3. If account details are not correct then refund will be processed through cheque payable to the account mention in the ITR.

4. You can check the income tax refund status of your ITR anytime on Income Tax Department website.

5. You need to issue request again on income tax website if refund not credited.

6. You can check the paid refund amount in form 26AS.

How to check Income Tax Refund Status online?

Once you have filed the income tax returns and verify it then income tax department start processing of your ITR. If you want to check the current status of your ITR then you can easily check it on income tax department website.

Steps to check income tax refund status Online:

1. Click on ITR status on right hand side of income tax e-filing website.

2. Once you will click on the “ITR Status” then you will be redirected to new page. Now you need to fill your details on form like PAN number and Acknowledge number

3. After filling all the details, you will be redirected to new page and get your status as “Return Submitted and Verified”.

This is the simplest and easiest way to check your income tax refund status on income tax e-filing website.