TDS or Income Tax REFUND PROCESS IN INDIA
After getting refund order in India, how many days that the govt will take to give the refund?Friend to know about this, you must know about the TDS refund process in INDIA and and also what is TDS?
SO 1ST WE KNOW SORTLY WHAT IS TDS?
In short TDS is a kind of advance income tax cutting plan of Govt. of India before you calculate actually you are liable for that or not.
Friends will discuss about tds in future post if you comment as you want a post about tds or not.
1st you have to submit your income tax declaration in ITR form, then that was Verified by Income Tax Department of India. After verifying they will process your return and after successful processing if it noticed that the IT(INCOME TAX) DEPARTMENT is liable to pay tax to you then then send the 2 notification, one treasurer of income tax and 2nd to you.
After treasure get the notification the treasuring department also have some process and it will take 7 days to 3 month or 4 month to trance-fer the amount to your bank.
TDS tax REFUND PROCESS IN INDIA Deducted in financial year FY 2020-2021& for AY 2021-22
The most common question on mind to Indian tax payers that -
How to get refunded of Income Tax or TDS which get Deducted from their income on financial year 2020-2021.
Today We will discuss about TDS or Income Tax Refund Process for Financial Year 2020-2021 and Assessment Year 2021-22.
1. 1ST Step to Claim your Income Tax or TDS deducted on FY - 2020-21
To Get back your Deducted Income Tax or TDS on FY 2020-21 income, you have claim that tax from govt. of India Income Tax Department.
2. Know the amount of Income Tax or TDS deducted from your salary income or interest income for FY 20-21
In todays Income Tax pattern you need to calculate the deducted Income Tax or TDS for claiming your TDS or Income Tax Deducted on FY 2020-21.
Just visit TDS portal of Income Tax department of India and download Form 26AS to know the ammount of tax deducted or TDS deducted from your Income on FY 20-21.
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