Skip to main content

Keep Track of Your ITR Until it is Acknowledged

Tax Saving Mutual Funds Online

Invest Mutual Funds Online

Call 0 94 8300 8300 (India)

Haven't received an acknowledgement yet for your filed tax return from the income tax department?



Most of us have filed our tax returns electronically before the August 31 deadline. However, what many of us didn't realise was that the process would be complete only after the central processing centre (CPC) of the income-tax department sends an email or SMS acknowledging the receipt of the income tax return (ITR). Every tax payer should send the signed copy of ITR-V to the CPC through speed post or ordinary post within 120 days from the date of filing. Once the CPC receives the ITR, it usually sends an email or an SMS acknowledging the ITR.


"The CPC has put in processes acknowledging the receipt of ITR-V and also to intimate taxpayers for non-receipt for filed e-returns. Generally, the central processing centre sends an email to the taxpayer if ITR-V is not received within a month of e-filing," says Vineet Agarwal, director, KPMG India.

 


The electronic communications from CPC are sent to the email id mentioned in the income tax return (ITR). What should you do if you haven't received the acknowledgement?
CHECK THE PORTAL


The tax payer can download the acknowledgement from the income-tax web portal (www.incometaxindiaefiling.gov.in/portal/login.do) by logging in through his/ her online account. The same will be available under 'E-filing processing status' under the tab 'My Account'.


"The receipt can also be checked by quoting your PAN and assessment year or by quoting the e-filing acknowledgement number on the 'ITR-V Receipt Status' tab under 'Services' section on the e-fling website," says Vineet Agarwal.


In case, the acknowledgement is not available on the web portal as well, then the reason for non- availability will be displayed as the current status.


"Some of the reasons could be: non-receipt of signed Form ITR-V, receipt of damaged signed Form ITR-V etc," says Sonu Iyer, partner & national leader, human capital, Ernst & Young.


TRACKING THE ITR


If you have sent the ITR via speed post, it can be tracked with the tracking number assigned at the time of booking the speed post. Taxpayers can also call the CPC call centre number 080-22546500 or 1800-425-2229 (toll free) and enquire about the status.


"Please note that Form ITR-V cannot be sent through registered post. It can only be sent either through ordinary post or speed post," says Sonu Iyer.


If you do not have a postal acknowledgement or sent the ITR visa ordinary post, then you can track the status of your Form ITR-V by logging on to the incometax web portal. "The same will be available under 'ITR-V Receipt Status' under the tab 'Services'. "The current status of Form ITR-V with CPC will be displayed — whether or not your Form ITR-V is received by CPC. In case the Form ITR-V is received but rejected by CPC, the reason for rejection will also be displayed," says Vaibhav Sankla, director, H&R Block India.


SENDING THE ITR AGAIN


If the form is not received by the CPC or rejected for some reason, you have to resend the ITR to CPC. If the same is not done, the ITR will be deemed invalid. In such a case, ensure that you have filled in all personal information, like PAN, e-mail id, bank account number and MICR code, correctly in the tax return. Moreover, the ITR-V should be signed only in "blue" ink and in the space provided. You still have to send the same to CPC within 120 days. In such a case, it is best you opt for a speed post and keep a record of the tracking number.


Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax PlanInvest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

    ----------------------------------------

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest Mutual Funds Online

Transact Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Fund Application Forms

Best Performing Mutual Funds

    1. Largecap FundsInvest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap FundsInvest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap FundsInvest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap FundsInvest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector FundsInvest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

Popular posts from this blog

All about "Derivatives"

What are derivatives? Derivatives are financial instruments, which as the name suggests, derive their value from another asset — called the underlying. What are the typical underlying assets? Any asset, whose price is dynamic, probably has a derivative contract today. The most popular ones being stocks, indices, precious metals, commodities, agro products, currencies, etc. Why were they invented? In an increasingly dynamic world, prices of virtually all assets keep changing, thereby exposing participants to price risks. Hence, derivatives were invented to negate these price fluctuations. For example, a wheat farmer expects to sell his crop at the current price of Rs 10/kg and make profits of Rs 2/kg. But, by the time his crop is ready, the price of wheat may have gone down to Rs 5/kg, making him sell his crop at a loss of Rs 3/kg. In order to avoid this, he may enter into a forward contract, agreeing to sell wheat at Rs 10/ kg, right at the outset. So, even if the price of wheat falls ...
Read more

Zero Coupon Bonds or discount bond or deep discount bond

A ZERO-COUPON bond (also called a discount bond or deep discount bond ) is a bond bought at a price lower than its face value with the face value repaid at the time of maturity.   There is no coupon or interim payments, hence the term zero-coupon bond. Investors earn return from the compounded interest all paid at maturity plus the difference between the discounted price of the bond and its par (or redemption) value. In contrast, an investor who has a regular bond receives income from coupon payments, which are usually made semi-annually. The investor also receives the principal or face value of the investment when the bond matures. Zero-coupon bonds may be long or short-term investments.   Long term zero coupon maturity dates typically start at 10 years. The bonds can be held until maturity or sold on secondary bond markets.
Read more

SBI bonds FAQ

  Maximum retail subscription and over – subscription There is a lot of excitement around these bonds, so I won't be surprised if they get over-subscribed on the first day itself. So, I thought Sameer asked a very good question about over-subscription. Here is that discussion. Here are some other questions that you may find useful. Can I trade the SBI bonds on NSE after it lists? Yes, these can be traded after listing. Where can I get the application forms, and can I buy the bonds online? You can get the application from notified branches, and then fill it up there and submit it. To the best of my knowledge, there is no way to invest in them online, but if anyone knows otherwise then please leave a message, and let us know. Can NRIs apply for these bonds? NRIs can't apply for these bonds as they fall under one of the ineligible categories. Can you take a loan by keeping the SBI bonds as security? The terms of the issue in the prospectus state that the bank shall no...
Read more

ICICI Prudential Balanced Fund

 ICICI Prudential Balanced Fund scheme seeks to generate long-term capital appreciation and current income by investing in a portfolio that is investing in equities and related securities as well as fixed income and money market securities. The approximate allocation to equity would be in the range of 60-80 per cent with a minimum of 51 per cent, and the approximate debt allocation is 40-49 per cent, with a minimum of 20 per cent. An impressive show in the last couple of years has propelled this fund from a three-star to a four-star rating. The fund has traditionally featured a high equity allocation, hovering at well over 70 per cent, which is higher than the allocations of the peers. But in the last one year, the allocation has been moderated from 78-79 per cent levels to 66-67 per cent of the portfolio. ICICI Prudential Balanced Fund appears to practise some degree of tactical allocation based on market valuations. Within equities, well over two-thirds of the allocation is parked i...
Read more

Principal Emerging Bluechip

In its near ten year history, this fund has managed to consistently beat its benchmark by huge margins The primary aim of Principal Emerging Bluechip fund is to achieve long term capital appreciation by investing in equity and related instruments of mid and small-cap companies. In its near ten year history, this fund has managed to consistently beat its benchmark by huge margins. This fund defined the mid-cap universe as stocks with the market capitalisation that falls within the range of the Nifty Midcap Index. But, it can pick stocks from outside this index and also into IPOs where the market capitalisation falls into this range. Principal Emerging Bluechip fund's portfolio is well diversified in up to 70 stocks, which has aided in its performance over different market cycles. On analysing its portfolio, the investments are in quality companies that meet its investment criteria with a growth-style approach. Not a very big-sized fund, it has all the necessary traits to invest with...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now