Most tax payers would wait till the very last minute to file their IT returns. But do you know that you will have a lot more benefits of filing IT returns earlier? Importantly, you can obtain the refund earlier by filing IT returns earlier.
Basically, the duration of wait to get your tax refund depends on the time of tax filing, the method of IT filing, and the credits and deductions you are eligible to claim.
To file IT returns, here are a few tips you got to follow:
Fill up the Form 16A perfectly – there should not be any kind of mismatch in the TDS you send for claim.
ITR-V Verification – in most cases, the tax payers make very late or non-submission of ITR-V. They often show relaxed or slack attitude. When the ITR-V is filed on-time, and there is a delay still, check out with the Centralized Processing Centre of the Income Tax Department.
Don’t rush in the last minute – make sure not to submit your IT returns in the very last minute, close to the deadline, because you will then fall along with the last-minute queue that is already big! As people throng in during the last minute, there perhaps may be processing delays.
Provide the right bank details – the bank account details you provide should be entered right.
Do not go beyond the due date – File the tax returns within the given date.