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

SBI Magnum Tax Gain Scheme 1993 Applcation Form

    https://sites.google.com/site/mutualfundapplications/tax-saving-mutual-funds-elss     Investment Details Basics Min Investment (Rs) 500 Subsequent Investment (Rs) 500 Min Withdrawal (Rs) -- Min Balance -- Pricing Method Forward Purchase Cut-off Time (hrs) 15 Redemption Cut-off Time (hrs) 15 Redemption Time (days) -- Lock-in 1095 days Cheque Writing -- Systematic Investment Plan SIP Yes Initial Investment (Rs) -- Additional Investment (Rs) 500 No of Cheques 12 Note Monthly investment of Rs 1000 for 6 months and quarterly investment of Rs 1500 for 4 quarters.
Read more

Birla Sun Life Tax Plan Online

Invest Birla Sun Life Tax Plan Online   An Open-ended Equity Linked Savings Scheme (ELSS) with the objective to achieve long-term growth of capital along with income tax relief for investment.   After a bad patch from 2008 to 2010, Birla Sun Life Tax Plan has made a big comeback in the last five years, with a particularly good run since 2014. The fund's rankings, which had slipped to two stars in 2011-12, recovered sharply to three-four stars in the last three years. The fund has delivered a particularly large outperformance over its benchmark and peers in the last couple of years. The fund's investment strategy focuses on a diversified and high-quality portfolio, with parameters such as capital ratios and balance-sheet strength used to judge quality. It uses a combination of top-down and bottom-up approaches to take sector/stock positions. The fund avoids highly leveraged plays. Staying more or less fully invested at all times, the fund parks roughly half of its portfoli
Read more

Should you Roll Over 1 year Fixed Maturity Plans?

The period between January and March typically sees an uptick in the launch of fixed maturity plans, or FMPs. Not this year. Instead, fund houses are busy rolling over or extending the tenure of their one- year FMPs launched last year to three years. Investors in one- year FMPs have a choice. Either redeem units or roll over to three years. If you exit now, your gains will be added to your income and taxed in line with your individual slab rate of 10, 20 or 30 per cent. If you stay invested for two more years, you pay 20 per cent tax with indexation benefit. Yields have softened in the past few months on expectations of a rate cut. If the central bank continues its soft monetary stance, yields are likely to fall further. In such a scenario, it makes sense for investors, particularly those in the 30 per cent tax bracket, to roll over their investments and lock in at a higher yield now. In a surprise move, the Reserve Bank of India cut repo rate by 25 basis
Read more

Mutual Fund Review: IDFC Premier Equity Fund

  IDFC Premier Equity Fund, which falls under the presumed high risk group of mid- and small-cap schemes, can rely on astute and timely equity picks. These make it less vulnerable to fluctuations compared with others in the category   IDFC Premier Equity Fund is designed to invest in upcoming, but promising businesses available at cheap valuations, and hold on to these businesses until they reap desired returns. The experiment has been successful so far, and IDFC Premier Equity has emerged as one of the top performing mutual fund schemes in the mid- and smallcap category of equity schemes.    While the scheme is an open-ended equity fund, i.e. open for subscriptions throughout the year, it has a unique philosophy to limit fresh inflows. Thus, while an investor can always take the systematic investment plan ( SIP ) route to invest in the scheme throughout the year, inflows through a lumpsum investment have been restricted. Since inception, IDFC Premier Equity has been opened for l
Read more

IDFC Premier Equity Fund dividend

  IDFC Mutual Fund   has announced dividend under the dividend option of   IDFC Premier Equity Fund Direct-D . The quantum of dividend shall be   R 4.3464 per unit.   The record date has been fixed as May 06, 2015. Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015 1. ICICI Prudential Tax Plan 2. Reliance Tax Saver (ELSS) Fund 3. HDFC TaxSaver 4. DSP BlackRock Tax Saver Fund 5. Religare Tax Plan 6. Franklin India TaxShield 7. Canara Robeco Equity Tax Saver 8. IDFC Tax Advantage (ELSS) Fund 9. Axis Tax Saver Fund 10. BNP Paribas Long Term Equity Fund You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds Invest in Tax Saver Mutual Funds Online - Invest Online Download Application Forms For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot]
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