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- There is no difference between the computed taxes<\/strong> \u2013 No action required<\/li>\n
- The tax computed by IT department is more than you filed<\/strong> \u2013 Additional tax demand<\/li>\n
- The tax computed by department is lower<\/strong> \u2013 Tax refund expected<\/li>\n<\/ol>\n
As stated above in the first case, everything looks good and so no action is required from your end. In second case if you agree to the IT department calculation pay the additional tax. In third case think how to spend\/invest additional tax refund!<\/p>\n
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Also Read:<\/strong> What does Intimation U\/S 143(1) of Income Tax Act mean?<\/a><\/p>\n<\/blockquote>\n
The mismatch is generally due to incorrect claims, numerical errors, excessive or wrong deductions or exemptions.<\/p>\n
![\"What](\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2016\/08\/What-after-filing-ITR.png\" "\\"\\"")
What after filing ITR?<\/strong><\/figcaption><\/figure>\n What if you Do NOT Agree to Tax Calculations?<\/h2>\n
In case you do not agree to the income tax department you can file a rectification application u\/s 154<\/strong> challenging the computation. If the ITR was filed online, the rectification request would also be filed online. For offline ITR, the request would be offline.<\/p>\n
This rectification request can be filed up to four years from the end of the financial year in which the assessment order was passed<\/strong>.<\/p>\n
For online rectification request login to the ITR portal. Go to My Account choose \u2018Rectification Request\u2019. Enter the CPC reference number and order date from the intimation letter and then your clarification.<\/em><\/p>\n
The assessing officer has to either accept or reject the request within 6 months from the month application was filed. In case the rectification is rejected, you can appeal to Commissioner of Income Tax (Appeal) u\/s 246A(1)(a).<\/p>\n
Also Read:<\/strong>\u00a0Tax Notices You can get and What to do about it?<\/a><\/p><\/blockquote>\n
Track Your Refunds:<\/h2>\n
In case of tax refunds, the excess tax is credited within 2-3 months of filing ITR. In case you do not receive your refund you can track it online either on the tax department\u2019s website or at the National Securities Depository Ltd. (NSDL) site<\/a>. Usually the refund is delayed due to wrong information of bank account or other data entry issue. The status would give you the reason for delay.<\/p>\n
If the refund was issued but has not reached you due to any reason you can raise a request for it to be re-issued online through the ITR website – \u2018My Account\u2019 tab.<\/p>\n
Revise Your ITR:<\/h2>\n
If you notice any discrepancy or omission on the return filed before it\u2019s processed by IT department, you can file a revised return u\/s 139(5).\u00a0The revised return has to be filed online if the original return was filed online. Similarly if the original returned was filed physically, the revised return has to be filed physically.<\/p>\n
You should revise your ITR as soon as you find discrepancy as you would not be able to do so after IT department process your returns.<\/p>\n
- The tax computed by IT department is more than you filed<\/strong> \u2013 Additional tax demand<\/li>\n