View Refund/ Demand Status

  1. Login to e-Filing website with User ID, Password, Date of Birth / Date of Incorporation and Captcha.
  2. Go to My Account and click on “Refund/Demand Status”.
  3. Below details would be displayed. Assessment Year. Status. Reason (For Refund Failure if any) Mode of Payment is displayed.

What is TSN in income tax?

Polite letters are being sent to the transacting parties communicating the transaction details alongwith unique Transaction Sequence Number (TSN). A new functionality has been developed on e-filing portal wherein the transacting party can own up transactions and provide structured response.

How do I change my refund outstanding demand?

Section 245 of the Income Tax Act empowers the assessing officer (AO) to adjust the refund (or a part of the refund) against any tax demand that is outstanding from the taxpayer. In simple words, the IT department wants to adjust the refund due against a demand due from you.

What is Form 26Q?

Form 26Q is used to file TDS details on payments made other than salary. The form mentions the total amount that is paid during the quarter and the TDS amount that has been deducted. Form 26Q has to be submitted on a quarterly basis.

Can we pay Income Tax in installments?

Under the advance tax method, tax liability is distributed in installments within the same financial year. Therefore, an ‘estimated tax’ must be paid in installments throughout the same financial year. In simple terms, it is a ‘pay as you earn’ tax.

How do I generate 26Q?

To generate 26Q or 27Q quarterly statements

  1. Click General ledger > Reports > India > TDS > TDS statement.
  2. Select the Statement filed earlier check box if the TDS statement has already been filed for the quarter.
  3. Select the Tax Account Number (TAN) to generate the TDS statement for.

What is form 27A?

Form 27A is a summary of e-TDS/TCS return (Form 24Q, 26Q, 27Q & 27EQ), which contains control totals of ‘Amount Paid’, ‘Income tax deducted at source’& ‘Tax Deposited (Total challan amount)’. Form 27A is required to be furnished separately for each e-TDS/TCS return (Form 24Q, 26Q, 27Q & 27EQ).