ITR Filing Deadline : The last date for filing income tax return is near. Although the government often keeps on extending the deadline, but it has not made any announcement so far, so taxpayers have 17 days to file their ITR. The last date for filing income tax returns for assessment year 2023-24 i.e. financial year 2022-23 has been fixed as July 31, 2023.
If you have paid any extra tax during this period, you can claim refund at the time of ITR filing. Let us tell you, if your tax is more than the liability then you are entitled to get refund at the time of ITR filing and can claim extra tax refund. However, for this, while filing income tax return, you have to attach some documents to show that how much tax you are entitled to pay and how much extra money is being spent from your pocket. Let us tell you how you can get refund.
File returns on time to avoid penalty and interest
First of all, if you want tax refund, then it is very important to file ITR on time. If you do not file ITR on time, you may have to pay heavy penalty and interest for filing belated income tax return. Also, you should select such tax slab which is better for you.
Let us tell you, the government has brought a new tax slab in the budget this year. Under which people’s income up to 7 lakhs is tax free. In such a situation, you should choose a better tax slab for you. Apart from this, also fill your bank account details correctly so that you do not have any problem in getting the refund.
Verify within 30 days of filing ITR
After filing income tax return, you have to verify it within 30 days. If you do not verify your details then it will become invalid. On the other hand, if the deadline for ITR filing is not over, then you can file a new ITR. If the deadline is over then you cannot file ITR return for that financial year.
Avail exemption under income tax sections
To save more tax during ITR filing, you can save tax under many sections under the Income Tax Act. In this, you can avoid tax liability in many ways including PF, PPF, NPS, Life Insurance, Home Loan, Mutual Fund. Along with this, the amount paid extra tax can also be refunded.
Update bank account for ITR filing
If TDS has been deducted, then it should be claimed while filing the return, many times the refund gets stuck due to not updating the bank account. Also, tax has to be paid on capital gains. In this, if there is income from any kind of investment, then it has to be shown in income tax. Tax is assessed by taking out the index value on the sale of the property.
It is necessary to link Aadhaar with PAN card for ITR filing.
PAN cards have been linked with Aadhaar of many people, those who have not been linked. They become invalid after June 30. You can link PAN card and Aadhaar card by paying 1000 fee by visiting the income tax website. After this the PAN card will be operational.
keep pan card updated
Such people whose surname or date of birth has changed, they should also update it in the PAN card. Because if there is a difference in the surname in the PAN card, bank or Aadhaar card, the return may be invalid. Usually this is a problem due to change in surname of women after marriage, so surname, date of birth and address should be kept updated in all records. By easily following our mentioned steps, you can make your work easy. So let us tell you about the easy process of changing the surname in PAN card.
Process to change surname in PAN card
Click on your link to make changes in address and surname in PAN card.
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On clicking here, a form will have to be filled in front of you.
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You will have to fill all the information sought in the form given here.
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After filling the form, it has to be submitted online only.
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Then you have to choose the cell which is made in front of your name and mention your PAN in it.
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The above information has to be verified.
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Then all the information will have to be further validated.
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In the end you have to submit it.
This much fee will have to be paid to change the surname
After completing the above process, you will also have to pay its fee. For this, you can deposit the fee for changing the surname in PAN through any option like credit card, debit card, net banking etc. Those living in India will have to deposit Rs.110. At the same time, a person living outside India will have to pay a fee of Rs 1020. After this, you fill the application to change the surname and send it to NSDL through post. After this, the name and address will be changed in your PAN card.