If we have multiple bank and demat accounts, which is the best online tool/company to file tax return?
Are these only good for straightforward cases or they can handle complex scenarios like multi country income, NRE/NRO etc ?
I have been doing it through a CA but I need to provide all the info myself. Is there any online tool that can pull all the info from all my dmat and bank accounts and calculate automatically and file return? It shouldn’t ask for my password etc.
It is fine to have the filing from online tools etc. Howvever, online tools will always have their own limitations. As by doing it from CA or professionals, we always have a better reach and continous follow up of our queries even in case if we get stuck with some income tax notices and all…
However, at the end, its always depends upon on our own choice:)
If you have multiple banks and Demat accounts, you can use Quicko to import your trade data and file your returns. All you need to do is attach your broker’s sheet, map data with headers using the Excel Import Utility function on Quicko.
There is no concrete reason to part payment as it happens in very rare cases where the department may withhold a part of your refund while they do further verification for a particular income. Therefore in such cases, they will send you a partial refund now and will release the remainder of your credit once they have completed the verification process.
Once the ITR is successfully e-verified there is not a lot a taxpayer can do. It is now on the Income Tax Department to process the ITR.
The time it takes for the ITD to process the ITR and issue the refund may vary based on the sources of income, amount of refund, etc.
Hey @Quicko, due to some error & confusion, one of my relatives’ ITR for AY 2018-19 hadn’t been filled properly, resulting in late penalty of Rs 1000 under section 234F. Got to know about it yesterday, and paid on their behalf through challan 280. I thought that was it but apparently, you have to fill other details like BSR code, challan no etc as well after this…
a) Where does one exactly file these details in the ITR website?
b) Is there any time limit before which I’ve to file these details?
The intimation order at the bottom was showing a late fee penalty of Rs 1000 under 234F. I clicked the ‘e-pay tax’ option & paid the amount under challan 280. After that, received the acknowledgement as well.
a) What I wanted to know was what should be done after this?
b) And how much time I’ve for that purpose?