How
do I correct any mistakes in filling the form ?
Why
should I file my returns ?
Every salaried employee has to file
an Income Tax Return if his total income exceeds Rs. 50,000
even if tax is deducted at source as per section 139(1).
Even persons, not having any income but falling under
the One-by-Six scheme has to file their Income Tax Returns
compulsorily.
In view of the modern technology and substantial database
being built up by the Income Tax Department, it has become
easier for them to identify the probable tax assessees.
Moreover filing of income tax returns has benefits especially
when you are buying a telephone, a house/property etc.
and whenever you need financial assistance from banks/financial
institutions.
Why
should I file my returns through filemyreturns.com?
We provide you a hassle free service at your doorstep.
Our fees include year round tax consultancy, follow-up
for refund and facilitation of tax-savings schemes. Apart
from this, we also educate you in managing your income
and plan your tax for optimum benefits from your hard
earned money. Soon we will soon lead you to a gateway
of services for your personal financial needs.
Why
should I have a PAN ?
We quote herewith India's Finance Minister in his
budget speech on February 29, 2000 has emphasised the
importance of PAN.
" In keeping with international practice, it is
proposed to promote a common business identification number
to be used by different agencies and departments. In our
context, the Permanent Account Number of income-tax would
be that instrument. I hope that in near future, the PAN
card will replace the ration card as the primary identification
document for a sizeable number of people".
This quote explains the importance of PAN.
Can
I get help when I am filling the form online?
Yes.
Help is available at various stages in filling up the
relevant forms. The fields have specific popup help as
soon as you place the cursor in the field. There are also
sections dealing with taxation on various heads of income
and other exemptions/deductions available.
In
case of any specific query, you can e-mail us at info@filemyreturns.com
Is
online filing of Returns facility available?
Almost Yes. We are geared up for online filing of
Tax Returns but as per the Income Tax laws the tax form
has to be signed by the concerned person, therefore we
have to take your signature and submit the original form.It
will not be long for the Income Tax Department to accept
digital signatures.As soon as the Income Tax Department
allows online filing of returns, we will be able to extend
the facility to you.
Can
I save my data and continue later ?
Yes. You
can save your data and then complete the form later. Press
SAVE & CLOSE button for saving the data.
Is
my privacy protected and my data secure ?
Yes. We are very clear in our privacy policy and will
ensure that there is no violation and all confidential
data will be stored in our servers to be accessed through
various security checks and only by people who are authorised
to handle such data.
How
can I save my income from taxation? Are there any exemptions
and deductions on my income I can avail of ?
Tax exemptions can be availed of
for certain payments and for certain incomes. These have
been explained in the Save My Tax section. We have also
covered the various deductions under the Save My Tax section.
There
are investment schemes whereby you can avail of rebates
on the tax payable. This has been elaborated in Plan My
Tax.
Can
I get a refund of excess tax paid?
Yes.
Tax Paid in excess is to be refunded by the Income Tax Department
along with the interest thereon to the assessee. The various
aspects of the refund of tax is covered in Get My Refund
section.
What
if there is a shortfall in Tax Deduction at Source or
Advance Tax Paid?
In
case there is any shortfall in Tax Payable, i.e. Tax Payable
is more than the total of Tax Deducted at service and
Advance Tax Paid, the person has to pay the difference
in what is known as "Self Assessment Tax". There
is an amount of interest which is payable on the shortfall.
Can
I have a proof for filing my Income Tax Returns?
Yes. We will be giving the acknowledgment copy received
from the Income Tax Department as a proof for filing the
return.
When
will my returns be filed ?
We will ensure that the Return is
filed within ninety six hours of receiving all the information
required from you. We will reduce this time in case of
extreme urgency or necessity.
When
will I get my copy of the acknowledgment ?
You will get the copy of the acknowledgment within
a week of handing over the necessary papers required by
us.
How
can I know the status of my Return ?
We
shall keep the customer informed about the status of his
application at various stages after he hands over the
papers to us. The user is able to view the status of forms
submitted to us by logging in to our site. The whole process
is always kept transparent to the user. Incase you require
further clarification, please feel free to contact us
at info@filemyreturns.com
What
will I do, if I get any notice from the Income Tax Department
?
In case of any notice from the IT
Department, you can email us at info@filemyreturns.com
and we will be helping you through our panel of experts
at a very nominal fee.
How
do I correct any mistakes in filling the form ?
Till the papers are handed over to
us, you have complete access to change the information.
Once the papers are submitted, the user will have to inform
us for any change in information within forty eight hours
of handing the papers.
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