Mistakes in address etc do not affect processing but cause mis-delivery or non-delivery of communication or in case of Bank Account error cause rejection of refund credit to taxpayer account. The following points may be noted:
- The name in the return should be entered as it appears in the PAN card, to the extent possible.
- Address should be correctly filled with correct city, state and PINCODE for faster and accurate delivery of communication from the Department.
- For faster credit of Income Tax refunds, correct bank account number and MICR code in the return should be mentioned. In case of any mistake in MICR or Bank Account number, the refund will not be credited. and a cancelled cheque showing correct particulars would be required to be submitted to CPC for correction in bank account number or MICR code.
- In case of Refunds below Rs 100, no refund is issued and if Demand is below Rs 100, it need not be paid.
0 comments:
Post a Comment