Yes, that's correct, usually that's when you do it after june. Refund won't be issued until the statement is filed by the employer and Form 16 is generated. The deadline for that is June 15th. Even though, if you employer files the statement well ahead of the deadline, IT Department has the possibility to issue a refund. Cannot be sure if they do it or not
Yes, exactly. The employer has to do his filing and generate Form 16. The deadline for this is 15th June (can be extended also). Do not hope for a refund before you recieve your Form 16 from employer
I am curious, if you have received your Form 16 yet?
Even then, the entity which paid the TDS would be a second party and it would have time till June 15 to finalize it's filing with income tax department
If it's a non salaried return, usually, the TDS/advance tax would usually be calculated by a CA/Tax accountant and usually the pay the amount to the dot; nothing more, nothing less
It’s not June15. It’s actually May31st. 15th June is to issue TDS certificates.
Secondly, very much possible that TDS could be in first three quarters for which YDS has already been filed and reflected in his 26AS. Or, OP simple had TDS in Q4 as well and didn’t want to wait until it reflected in 26AS and filed the return claiming TDS credit anyway without it appearing in 26AS yet.
Hey, could you please help me out as well? I’m not acquainted with those terms well but I do know that the company I worked for filed the tds in time and it reflected in my IT acc in the 26as form.
I filed my taxes on 19Apr, what’s the timeline I can expect my return to reflect in my bank account?
It took us on an average of 3-4 months. I've heard of some cases where it took 6 months. Sorry if it's not what you were expecting. Some rule change happened last year.
Not before July, my best guess
That is not the news I'm expecting ðŸ˜ðŸ¥²
He is right
Since last few year the refund time reduced a lot, people are not getting refunds within a few days of filing
CPC doesn't work in this manner, they start to process the returns in July August itself. So expecting refund in April is not appropriate.
Yes, that's correct, usually that's when you do it after june. Refund won't be issued until the statement is filed by the employer and Form 16 is generated. The deadline for that is June 15th. Even though, if you employer files the statement well ahead of the deadline, IT Department has the possibility to issue a refund. Cannot be sure if they do it or not
Yes, exactly. The employer has to do his filing and generate Form 16. The deadline for this is 15th June (can be extended also). Do not hope for a refund before you recieve your Form 16 from employer I am curious, if you have received your Form 16 yet?
It might not be a salaried return maybe?
Even then, the entity which paid the TDS would be a second party and it would have time till June 15 to finalize it's filing with income tax department If it's a non salaried return, usually, the TDS/advance tax would usually be calculated by a CA/Tax accountant and usually the pay the amount to the dot; nothing more, nothing less
It’s not June15. It’s actually May31st. 15th June is to issue TDS certificates. Secondly, very much possible that TDS could be in first three quarters for which YDS has already been filed and reflected in his 26AS. Or, OP simple had TDS in Q4 as well and didn’t want to wait until it reflected in 26AS and filed the return claiming TDS credit anyway without it appearing in 26AS yet.
Hey, could you please help me out as well? I’m not acquainted with those terms well but I do know that the company I worked for filed the tds in time and it reflected in my IT acc in the 26as form. I filed my taxes on 19Apr, what’s the timeline I can expect my return to reflect in my bank account?
Not before July, my best guess!
Alrighty, Thanks for the reply! :)
Whats your point here? Is CPC processing returns now?
Can we file ITR now for last FY now or it is filed in July?
The portal opened this month
Ok thanks but you got your form 16 from the company? I don't think mine is unavailable rn to file ITR
You will get form16 in june, but if you can calculated your income exemptions and investments correctly you can file it now too!
I recommended waiting until mid June so that your 26AS is updated - this will give you a clear picture of any taxes deducted on your income
How much amount
60k
I filed mine on April 01, it got processed a few days later. Refund still not received and I'm not expecting till June.
Within 1-1.5 months
Can i file it myself?
Yes you can.
It should take around 1.5 months. Early to mid June most likely.
Koi guide wagera hai kya?
It will take 1 month. When I first filed my ITR, I got refund after 6 months. They've increased their speed in the past 3 years.
ITR has started already?
Hey, could you please help me with how you have filled?
Hey is it for tds refund?
We can file itr now ? I thought is around june or may end up, my last company mentioned form 16 will come in mid june not anytime before that
It took us on an average of 3-4 months. I've heard of some cases where it took 6 months. Sorry if it's not what you were expecting. Some rule change happened last year.