The Indian Income Tax Department handles the computation, taxation, and verification of the income tax in India. The timely payment of tax is the duty of every citizen working in India and earning more than a specified amount every year. Do you file your returns annually? How sure are you that you have filed your returns the previous year? Well, don’t get too tensed, because there is a way to check whether you have e-filed your returns. In this article, we will take a look at how to check the status of your return and what happens if you forget to file them on time.
Advancements in science and technology have touched every sphere of our lives and resulted in monumental changes in most daily processes we are used to. Therefore, the ushering in of the digital age has transformed our lives. India is still witnessing an internet revolution as more and more people get access to facilities such as computers, mobile devices, and the internet. As internet penetration rises, the government can move more and more processes online. Long gone are the days wherein we had to stand in lines in government offices to get things done.
Several State governments have set up web-portals to facilitate services that earlier required people to wait at offices physically. Such digital platforms have made it possible for people to e-file their IT returns online. This not only makes the entire process more efficient and faster but has also made it more transparent. E-filed returns are easier to keep track of, and the entire process is much faster now than it used to be.
You can still e-file a belated return because people are allowed to e-file their returns until two fiscal years are completed. For instance, Arjun wants to e-file his return for the assessment year 2018-2019. The fiscal year of 2019 comes to a close on the 31st March 2019. Therefore, Arjun can file his return for this year, up to FY 2020-21, that is up to two years from the end of 31st March 2019. Simply put, he can e-file his return for 2018-2019 up till 31st March 2021. However, this means that for periods pre-dating two years, you will not be able to file your returns.