date for which the ITR-V forms have not yet been received by the CPC.
Easier & faster
* The Central Board of Direct Taxes has set up Aaykar Seva Kendras for efficient tax administration
* The web-based facility can be used by the taxpayer to track the resolution of refunds and credit for pre-paid taxes and augmentation of processing capacity
* Refunds are directly deposited through the electronic clearing system in the taxpayer’s bank account and electronic filing of TDS returns is now available throughout the country
* To ramp up the processing of refunds, the Centralised Processing Centre at Bangalore has also increased its daily processing capacity of returns filed
* A belated return can be filed within two years of the end of the financial year or before completion of the assessment year, whichever is earlier