Upload your Form-16/16A PDF
- You can also upload Form-26AS here
- Switched jobs? You can upload multiple Form-16s one at a time
- You can always edit values if required, after uploading PDF
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Notices Assistance
- Step 1: Click on this link https://tin.tin.nsdl.com/oltas/refundstatuslogin.html, this will take you to NSDL website.
- Step 2:Enter your PAN; Select the Assessment Year for which you want to check the refund status and enter the text as shown in the image
- Step 3: If the refund is processed by the Assessing Officer the status of the refund will be shown, if the refund is not processed then this below screen will be displayed that means you have to wait for some more time.
Follow few simple steps we will help you to get the refund
Notice u/s 139(9) is basically intimation from the Income Tax Department
for the Income tax return filed for a financial year being defective due
to following common reasons:
The assessee having filed in the return the details of taxes paid,
but failed to provide income details, the Income Tax Department
deems the return as defective.
The assessee having claimed the tax deducted at source (TDS) as
refund, failed to provide income details in the return. In such
cases the return will be deemed to be defective.
The assessee having liability to pay taxes fails to pay the taxes in
full before filing the return.
The Assessee who is required to maintain balance sheet and profit
and loss statement as per the provisions of Income tax Act, 1961,
but fails to provide such statements while preparing the income tax
return.
When there is a mismatch of name in the return filed with the name
as per PAN card.
In order to clear the defects in the original return filed i.e. in
response to the notice sent by the department u/s 139(9), the
assessee is required to file response within 15 days of the receipt
of intimation or within such other time as extended by the AO on a
written request filed for the same. For filing the response one
should mention in the return the section under which the return is
being filed and the communication reference number which is already
there on the intimation given by the department.
If you don’t reply with in specified time for the notice under section 139(9), your retrun will be considered as invalid that means it will treated the return is not filed at all.
Talk to our experts, we will help you to resolve the notice
Although an intimation received by an assessee u/s 143(1) within a period of 1 Year from the end of Financial Year in which the Return of Income was filed for the year under assessment can be considered as Assessment by the authorized Assessing Officer, however it is a matter of judgment where 143(1) is taken as a mere Intimation rather than Assessment order.
Case Law: TATA AIG GENERAL INSURANCE PVT LTD Vs DCIT ITAT (Mumbai)- ITA No.968 (MUM)2015.Assessment under section 143(1)
This is intimation from the CPC and is a computer generated statement. All the data available in the Income Tax Return is validated by CPC with reference to the data available in the records of the income tax department.
Scope of assessment under section 143(1)
Intimation under section 143(1) is like primary verification of the return of income filed. At this stage of verification detailed examination of the return of income is not carried out. At this stage, the total income or loss is computed after making the adjustments (if any). Some of the adjustments made can be for the following matters:-
After successful filing of Return of Income by an assessee u/s 139, the
major notices that can be expected to come within a period of 1 year
from the end of Financial Year in which the said return was filed is
Intimation Notice U/s 143(1), Notice for Scrutiny Assessment u/s 143(2)
( within a period of 6 months from the end of the Financial Year in
which the said return was filed) and Notice for Best Judgement
Assessment u/s 142(1).
In addition to above, a notice u/s 133C as inserted by the Finance (No.2) Act 2014 w.e.f 01/10/2014 can also be issued by the prescribed Income Tax authority for Return of Income filed for AY 2015-16 and onwards within a time period of 4 years or 6 years as prescribed u/s 153.
Every taxpayer has to furnish the details of his income to the Income-tax Department. These details are to be furnished by filing up his return of income. Once the return of income is filed up by the taxpayer, the next step is the processing of the return of income by the Income Tax Department. The Income Tax Department examines the return of income for its correctness. The process of examining the return of income by the Income Tax department is called as “Assessment”. Assessment also includes re-assessment and best judgment assessment under section 144.
Under the Income-tax Law, there are four major assessments given below:
Assessment under section 143(1), i.e., Summary assessment without
calling the assessee.
Assessment under section 143(3), i.e., Scrutiny assessment.
Assessment under section 144, i.e., Best judgment assessment.
Assessment under section 147, i.e., Income escaping assessment.
All the above mentioned notices are issued which leads to the given
assessment proceedings.
In addition to above, a notice u/s 133C as inserted by the Finance (No.2) Act 2014 w.e.f 01/10/2014 can also be issued by the prescribed Income Tax authority for Return of Income filed for AY 2015-16 and onwards within a time period of 4 years or 6 years as prescribed u/s 153.
Every taxpayer has to furnish the details of his income to the Income-tax Department. These details are to be furnished by filing up his return of income. Once the return of income is filed up by the taxpayer, the next step is the processing of the return of income by the Income Tax Department. The Income Tax Department examines the return of income for its correctness. The process of examining the return of income by the Income Tax department is called as “Assessment”. Assessment also includes re-assessment and best judgment assessment under section 144.
Under the Income-tax Law, there are four major assessments given below:
If you don’t reply with in specified time for the notice under section 139(9), your retrun will be considered as invalid that means it will treated the return is not filed at all.
Notice u/s 139(9) is basically intimation from the Income Tax Department
for the Income tax return filed for a financial year being defective due
to following common reasons:
The assessee having filed in the return the details of taxes paid, but failed to provide income details, the Income Tax Department deems the return as defective.
The assessee having claimed the tax deducted at source (TDS) as refund, failed to provide income details in the return. In such cases the return will be deemed to be defective.
The assessee having liability to pay taxes fails to pay the taxes in full before filing the return.
The Assessee who is required to maintain balance sheet and profit and loss statement as per the provisions of Income tax Act, 1961, but fails to provide such statements while preparing the income tax return.
When there is a mismatch of name in the return filed with the name as per PAN card.
In order to clear the defects in the original return filed i.e. in response to the notice sent by the department u/s 139(9), the assessee is required to file response within 15 days of the receipt of intimation or within such other time as extended by the AO on a written request filed for the same. For filing the response one should mention in the return the section under which the return is being filed and the communication reference number which is already there on the intimation given by the department.
The assessee having filed in the return the details of taxes paid, but failed to provide income details, the Income Tax Department deems the return as defective.
The assessee having claimed the tax deducted at source (TDS) as refund, failed to provide income details in the return. In such cases the return will be deemed to be defective.
The assessee having liability to pay taxes fails to pay the taxes in full before filing the return.
The Assessee who is required to maintain balance sheet and profit and loss statement as per the provisions of Income tax Act, 1961, but fails to provide such statements while preparing the income tax return.
When there is a mismatch of name in the return filed with the name as per PAN card.
In order to clear the defects in the original return filed i.e. in response to the notice sent by the department u/s 139(9), the assessee is required to file response within 15 days of the receipt of intimation or within such other time as extended by the AO on a written request filed for the same. For filing the response one should mention in the return the section under which the return is being filed and the communication reference number which is already there on the intimation given by the department.
Notice for scrutiny assessment u/s 147 is issued u/s 148 if the
Assessing Officer(AO) has reason to believe that any income has escaped
assessment which should be chargeable to tax . The main objective of
How the scrutiny assessment can be made by the assessing officer (AO)?
For making the scrutiny assessment the AO has to issue a notice to the assessee (i.e., the tax payer) u/s 148 and assessee should be given an opportunity of being heard. The time-limit for issuance this notice u/s 148 is a period of 4 years from the end of the relevant assessment year. If the income escaped by the assessee is Rs. 1,00,000 or more and certain other conditions are satisfied, then notice can be issued upto 6 years from the end of the relevant assessment year.
In case the income which is escaped relates to any asset located outside India, notice can be issued upto 16 years from the end of the relevant assessment year.
Notice under section 148 can be issued by AO only after getting prior approval from the prescribed authority.
The objective of carrying out assessment under section 147 is to bring under the tax net any income which has escaped assessment in original assessment under sections 143(1), 143(3), 144 & 147 (as the case may be).
In the following cases, it will be considered as income having escaped assessment:
Where no return of income has been furnished by the taxpayer,
although his total income or the total income of any other person in
respect of which he is assessable during the previous year exceeded
the maximum amount which is not chargeable to income-tax.
Where a return of income has been furnished by the taxpayer but no
assessment has been made and it is noticed by the Assessing Officer
that the taxpayer has understated the income or has claimed
excessive loss, deduction, allowance or relief in the return.
Where the taxpayer has failed to furnish a report in respect of any
international transaction which he was required to do under section
92E.
Where an assessment has been made, but:
income chargeable to tax has been under assessed; or
income has been assessed at low rate; or
income has been made the subject of excessive relief; or
excessive loss or depreciation allowance or any other allowance has
been computed;
Where a person is found to have any asset (including financial
interest in any entity) located outside India.
Where a return of income has not been furnished by the assessee and
on the basis of information or document received from the prescribed
income-tax authority under section 133C(2), it is noticed by the
Assessing Officer that the income of the assessee exceeds the
maximum amount not chargeable to tax.
Where a return of income has been furnished by the assessee and on
the basis of information or document received from the prescribed
income-tax authority under section 133C(2), it is noticed by the
Assessing Officer that the assessee has understated the income or
has claimed excessive loss, deduction, allowance or relief in the
return.
How the scrutiny assessment can be made by the assessing officer (AO)?
For making the scrutiny assessment the AO has to issue a notice to the assessee (i.e., the tax payer) u/s 148 and assessee should be given an opportunity of being heard. The time-limit for issuance this notice u/s 148 is a period of 4 years from the end of the relevant assessment year. If the income escaped by the assessee is Rs. 1,00,000 or more and certain other conditions are satisfied, then notice can be issued upto 6 years from the end of the relevant assessment year.
In case the income which is escaped relates to any asset located outside India, notice can be issued upto 16 years from the end of the relevant assessment year.
Notice under section 148 can be issued by AO only after getting prior approval from the prescribed authority.
The objective of carrying out assessment under section 147 is to bring under the tax net any income which has escaped assessment in original assessment under sections 143(1), 143(3), 144 & 147 (as the case may be).
In the following cases, it will be considered as income having escaped assessment:
Ask to our experts, we will help you to resolve the notice
Need Help?
As per Finance Bill of 2013, TDS is applicable on sale of immoveable property where in the sale consideration of the property exceeds or is equal to Rs.50,00,000 (Rupees Fifty Lakhs). Sec 194 IA of the Income Tax Act, 1961 states that for all transactions with effect from June 1, 2013, Tax @ 1% should be deducted by the purchaser (Buyer) of the property at the time of making payment of sale consideration.
- Deduct tax @ 1% from the sale consideration
- TDS of 1% should be deducted on amount excluding of taxes.
- As per the CBDT notification no. 30/2016 dated April 29, 2016, the due date of payment of TDS on transfer of immovable property is thirty days from the end of the month in which the deduction is made.
- Due date of filing will be by 7th of the next month of the month for which transaction is reported. If filing has not been done with in time then Late filing fee u/s 234E will be charged @ Rs.200/- per day.
- Due date of TDS deposit will be by 7th of the next month of the month for which transaction is reported. If TDS is not deposited with in time then Late Payment Interest u/s 200A and u/s 154 read with Sec 201(1A) will be charged @1.5% per month on TDS amount.
- Do not commit any error in quoting the PAN or other details in the online Form as there is no online mechanism for rectification of errors. For the purpose of rectification you are required to contact Income Tax Department.
- While completing the Online form, please note the following points:-
- - Fields marked with * are mandatory
- - Do not enter double quotes (“ ") in any of the fields
- - TDS amount as per Form 26QB should be entered in the field ‘Basic Tax’ (Income Tax) on the Bank’s web-portal
- - TDS certificate (Form 16B) will be based on “Basic Tax” (Income Tax) only
- - Taxpayer/Buyer are advised to save the Acknowledgement Number for downloading the Form 16B from TRACES website
- - TDS certificate (Form 16B) will be available for download from the TRACES website after at least 2 days of deposit of tax amount at the respective Bank
- - Click on View Acknowledgment Number under TDS on Property by providing the relevant details for retrieving the Acknowledgment Number
Link - https://www.tin-nsdl.com/faqs/tds-on-sale-of-property/TDS-Introduction.html
The deductions come under Section 194-IA of the Income Tax Act, Form 26QB regards to TDS on immovable property. Below are some steps to file the 26QB Form
- STEP 1:
- - First visit to e-filing portal and Scroll down you will find e-pay Tax option click on e-pay Tax( here you will be taken to government website)
-
- - Here after clicking e-pay tax page will be redirected to e-payment of taxes, click on the form 26QB and proceed for further process
-
- STEP 2:
- - By selecting the Form 26QB the following page will be displayed, fill all the mandatory fields and additional fields as required with help of hints given
-
- - Address Details
-
- STEP 3:
- - Property Details
-
- STEP 4:
- - Mode of Payment
-
As per Finance Act, 2017, “TDS on Rent” under section 194-IB is liable
to be deducted by Individuals or HUFs (other than an individual who are
not liable for Tax Audit u/s 44AB) who is paying to a resident monthly
rent exceeding Rs.50,000. Section 194-IB of the Income Tax Act, 1961
states that for all the transactions with effect from June 1, 2017, tax
@5% should be deducted by the Tenant/ Lessee/ Payer of the property at
the time of making payment of rent (to Landlord / Lessor/ Payee). Tax so
deducted should be deposited to the Government Account through any of
the authorized bank branches.
Applicability:
Individual or HUF who are not liable for tax audit under section 44AB.
Limit & Rate:
Rent of Rs. 50,000 for a month or part of the month @ 5%.
Note - This section does not applies to those rent which are covered under Section 194-I.
Highlights of Section 194-IB
No need to obtain TAN - Under this section, Tax payer need not to obtain TAN.
Deduction, once in a year - Under this section, Tax payer is required to deduct tax at source only once in a financial.
Time of deduction - The tax should be deducted at the time of credit or payment (whichever is earlier) of rent for the last month of the tax year or last month of tenancy if the property is vacated during the year, as applicable.
Example – Mr A is a tenant of a property for which he is paying rent of Rs.60,000/- per Month and Mr A is not liable to tax audit u/s 44AB. Mr A is residing in the same property for whole Financial year 2018-19(April’18 to March’19).
In the present case Mr A has to deduct TDS @ 5% while paying the rent for the month of March’19. The total amount of TDS to be deducted is Rs.7,20,000(60,000*12 = 7,20,000) X 5% is Rs.36,000/- .
If the Rent/Lease agreement has been completed in between the Financial year, TDS should be deducted in last month of tenancy if the property is vacated during the year.
Comparison between 194-IA & 194-IB
Applicability:
Individual or HUF who are not liable for tax audit under section 44AB.
Limit & Rate:
Rent of Rs. 50,000 for a month or part of the month @ 5%.
Note - This section does not applies to those rent which are covered under Section 194-I.
Highlights of Section 194-IB
No need to obtain TAN - Under this section, Tax payer need not to obtain TAN.
Deduction, once in a year - Under this section, Tax payer is required to deduct tax at source only once in a financial.
Time of deduction - The tax should be deducted at the time of credit or payment (whichever is earlier) of rent for the last month of the tax year or last month of tenancy if the property is vacated during the year, as applicable.
Example – Mr A is a tenant of a property for which he is paying rent of Rs.60,000/- per Month and Mr A is not liable to tax audit u/s 44AB. Mr A is residing in the same property for whole Financial year 2018-19(April’18 to March’19).
In the present case Mr A has to deduct TDS @ 5% while paying the rent for the month of March’19. The total amount of TDS to be deducted is Rs.7,20,000(60,000*12 = 7,20,000) X 5% is Rs.36,000/- .
If the Rent/Lease agreement has been completed in between the Financial year, TDS should be deducted in last month of tenancy if the property is vacated during the year.
Comparison between 194-IA & 194-IB
|
Basis |
194 - IA |
194 -
IB |
|
Applicability |
i) Every person paying rent (except individual &
HUF) ii) Individual & HUF if doing business and covered in tax audit |
Every Individual & HUF not covered in 194-I |
|
Limit |
Rs. 1,80,000 Per annum |
Rs. 50,000 per month or part of the month during
financial year |
|
TDS Rate |
10 % |
5 % |
|
TAN requirement |
TAN is required |
TAN is not required, PAN is enough. |
- All individuals or HUFs (except those liable to audit under clause a and b of section 44AB) paying monthly rent to a resident in excess of Rs. 50,000 are liable to deduct TDS under section 194-IB
- Deduct tax @ 5 % from the rent payment made to the Landlord.
- Collect the Permanent Account Number (PAN) of the Landlord and verify the same with the Original PAN card.
- PAN of the Landlord as well as Tenant should be mandatorily furnished in the online Form for furnishing information regarding the rent.
- Do not commit any error in quoting the PAN or other details in the online Form. For the purpose of error rectification you have to contact Income Tax Department.
- Download and furnish TDS certificate in Form 16C from TRACES and issue to the Landlord/Lessor/Payee within 15 days from the due date of furnishing of the challan-cum-statement in Form 26QC.
- If the Landlord/Lessor/Payee is a non-resident, liability to deduct TDS arises under section 195 of the Income-tax Act, 1961
TDS on rent under section 194-IB of the Income-tax Act, 1961, Form 26QC regards to TDS on rent of property. Below are some steps to file the 26QC Form
- STEP 1:
- - First visit to e-filing portal and Scroll down you will find e-pay Tax option click on e-pay Tax( here you will be taken to government website)
-
- - Here after clicking e-pay tax page will be redirected to e-payment of taxes, click on the form 26QC and proceed for further process
-
- STEP 2:
- - By selecting the Form 26QC the following page will be displayed, fill all the mandatory fields and additional fields as required with help of hints given
-
- - Address Details
-
- STEP 3:
- - Property Details
-
- STEP 4:
- - Mode of Payment
-
First login to your e-filing portal with your credentials and perform the below steps to view the Form 26AS
- Step 1:
- - Click Income tax return>>'View Form 26 AS (Tax Credit)', User is redirected to TDS-CPC Portal
- Step 2:
- - View the disclaimer ⇒ Click 'Confirm' ⇒ Agree the acceptance of usage ⇒ Click 'Proceed'
- Step 3:
- - Click 'View Tax Credit (Form 26AS)'
- Step 4:
- - Select the 'Assessment Year' and 'View type' (HTML or Text)
- Step 5:
- - For downloading PDF file, first view as HTML and then click on export to PDF
This Payment procedure is for payment of taxes online
- Step 1:
- - Click on this link https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp (Here you will be taken to government website)
-
-
- Step 2:
- - Click on the CHALLAN NO./ ITNS 280
- - You will be displayed the following screen, fill in the details as required and click on proceed
-
- Step 3:
- - After clicking on proceed verify the details as shown on the screen and fill in the details of taxes to be paid and proceed for payment
- Step 4:
- - After payment download the challan (OR) make the print screen picture of challan details
Income Tax Return filed by the taxpayer is not treated as valid until it is verified by the taxpayer. In the existing process, taxpayer can verify the return using Digitally Signed Certificate (DSC) or by sending signed ITR-V to CPC. As per Rule 12 vide Notification No. 41/2015, Income Tax department has introduced e-Verification of returns as an alternate for ITR-V. Taxpayers who are NOT mandated to use DSC are eligible for e-Verification.
If the return has been e-verified then there is no need to send ITR V to CPC.
- You can e-verify your return using any of the following options:
- - EVC received in Registered Mobile number and e-mail;(Electronic Verification Code (EVC) is a 10 digit alphanumeric code which can be generated through e-Filing portal and is valid for 72 hours)
- - Aadhaar OTP
- - Login to e-Filing through Net Banking
- - EVC-Through Bank Account Number
- - EVC-Through Demat Account Number
- - EVC-Through Bank ATM
In case of return already filed, you can e verify the return by login to your e- filing portal >> My Account >> e-verify return
}})
- After you click no the e-verify Return you will get four options:
-
- Option 1: “I already have an EVC to e-Verify my return”
- - Select this option if you have received an EVC (Electronic Verification Code) at the time of e-filing the return, this EVC generated at the time of e-filing will be valid up to 72 Hours.
- - Click on the link and enter the EVC click on submit; Success message will be displayed. No further action is required.
- Option 2: “I do not have an EVC and I would like to generate EVC to e-Verify my return”
- Here in this option you will get three options:
-
- Through Net Banking
- - By clicking on this you will be displayed with steps, click on continue, select the bank from the list of banks available
- - Login to net banking and e filing portal, the screen will display the returns pending for e verification; click on e-verify and the returns will be e-verified automatically
- - Success message will be displayed. No further action is required
- Through Bank Account Number
- - For this step your bank account must be pre-validated before you start to e verify the return
- - If the account is Pre-validated then a message will be displayed asking to generate EVC click yes
- - You will receive an EVC message to your mobile registered with bank account
- - Enter the EVC in the box displayed and click submit
- - Success message will be displayed. No further action is required
- Through Demat Account Number
- - For this step your demat account must be pre-validated before you start to e-verify the return
- - You will receive an EVC message to your mobile registered with Demat account
- - Enter the EVC in the box displayed and click submit
- - Success message will be displayed. No further action is required
- Option 3: Generate Aadhaar OTP
- - To generate Aadhaar OTP, PAN and Aadhaar must be linked
- - By clicking on the link you will displayed with a Text box. Enter Aadhaar OTP in the text box provided and click on Submit
- - Success message will be displayed. No further action is required
- Generate EVC through Bank ATM
- - This is a different method of doing e-verification, as one has to go to the bank ATM
- - After swiping the ATM card and entering ATM PIN, you are provided with an extra option of “PIN FOR INCOME TAX FILING”
- - EVC will be sent to the registered mobile number and e-mail ID after selecting the option
- After you get the EVC login to e-filing to portal >>My account >>E-Verify return >> Enter EVC
- Success message will be displayed. No further action is required
- Step 1:
- - Login to e-Filing website with User ID, Password, Date of Birth / Date of Incorporation and Captcha
- Step 2:
- - Go to My Account and click on "Refund/Demand Status"
- Step 3:
- - Below details would be displayed. Assessment Year. Status. Reason (For Refund Failure if any) Mode of Payment is displayed
-
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