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Online Income Tax Refund Request and 5 Smart Things.


TRACES has been provide a link to apply online Income Tax Refund Request of Excess Deposit of TDS by Taxpayee or Deducted by Deductor on account of Taxpayee.  This Online Income Tax Refund Request facility recently added by TRACES though this utility is available offline via Form 26B.

For claiming of Excess Deposit of TDS which credited by Deductor from Taxpayee/TDS Deductee and filed Form 26B in time under Chapter XVII-B of the Income Tax, 1961 quick download Form 26B and claim for refund of Excess TDS.

How to apply Online?
To apply online TDS Refund Request, Login to www.tdscpc.gov.in and go to Request for Refund which is available under "Statements/Payments".  See the Following Pic.

Basic Requirements for using this facility.
Registration of Digital Signature is required to online Request for refund of TDS deposited in Excess.

Digital Signature:
Registration of Digital Signature has already been enabled on TRACES for deductors. Deductors can register their Digital Signature in PROFILE after registration

Important 5 things to know about Income Tax Refund.

Taxpayers are entitled to receiving refunds, if payable, after their returns have been processed by the Central Processing Centre in Bangalore.

The State Bank of India has been designated the banker for ensuring that refunds are paid to the bank accounts of taxpayers.

To ensure that the refund is deposited in the bank account, the assessee must provide correct bank details while filing their returns.

The Income Tax Department supports queries regarding the status of refund through the Tax Information Network (TIN) website. One can access it by providing the assessment year and PAN.

If a refund is payable, the assessee is provided the refund reference number, date of credit to the bank account, or the dispatch details of the cheque.

Download Form 26B for Offline TDS Refund Request