Once you have filed your Income Tax Return (ITR), it is equally important to verify whether it has been successfully accepted by the income tax department. You might wonder, "how to check if an ITR is filed". Fret not, because the Indian government makes tracking your ITR status quite straightforward. This comprehensive guide will detail the steps required to check if an ITR is filed.
Why it’s important to verify ITR filing status?
Verifying your Income Tax Return filing status is essential for several reasons. Firstly, it ensures that your tax obligations are fulfilled, helping you avoid penalties and interest charges for late payments. Proof of a filed ITR is often required when applying for loans, such as a home loan, or when seeking other forms of financial aid. This verification serves as a record of your income and tax payments, which is beneficial for future financial planning and maintaining a good credit score. Confirming your ITR status also safeguards you from potential legal issues due to non-compliance. In summary, checking your ITR status not only keeps you compliant with tax regulations but also supports your financial stability and credibility, making it a critical step for every taxpayer.
Methods to check if ITR is filed
There are several methods to check if your ITR is filed:
- Acknowledgement slip: When you file your ITR, you receive an acknowledgement slip from the Income Tax Department. This slip serves as proof that your return has been filed.
- SMS or email notifications: After filing, the Income Tax Department sends a confirmation via SMS or email. This notification confirms that your ITR has been received and processed.
- Online portal: The most reliable method is to check the status online through the Income Tax Department’s e-filing portal. This method is straightforward and provides detailed information about your filing status.
How to check ITR filing status online?
Checking your ITR filing status online is simple and can be done in a few steps:
- Visit the e-filing portal: Go to the official Income Tax Department e-filing website.
- Login: Use your PAN number, password, and date of birth to log in.
- Dashboard: Once logged in, navigate to the dashboard. Here, you can see the status of your filed returns.
- View returns/forms: Click on the “View Returns/Forms” option to see a detailed list of all your filed returns. This section will display the status of each return, indicating whether it has been successfully filed, pending, or under processing.
- Acknowledgement number: Each filed return will have an acknowledgement number. This number is proof that your ITR has been filed.
By following these steps, you can easily check if your ITR is filed or not.
Understanding the results
When you check your ITR filing status, you might see different results:
- Filed: This means your ITR has been successfully filed and accepted by the Income Tax Department.
- Pending: This indicates that your return is in the process of being verified or processed. You might need to wait or check back later for an update.
- Rejected: If your ITR is rejected, there will be a reason mentioned. Common reasons include discrepancies in the information provided or missing documents. You may need to rectify the errors and refile your return.
Understanding these results helps you take the necessary actions to ensure your tax compliance is up to date.
After filing and verifying your ITR status, it's worth exploring the opportunities it opens up for you, one of which is applying for a home loan. If you are considering this option, Bajaj Housing Finance Home Loan offers an appealing choice.
Here are a few reasons why you should opt for a Bajaj Housing Finance Home Loan:
- Extended repayment tenures: Benefit from repayment periods of up to 32 years, enabling you to select a plan aligned with your financial circumstances for more manageable repayments.
- Competitive interest rates: Initiate your journey to homeownership with attractive interest rates starting at just 7.99%* p.a., accompanied by EMIs as low as Rs. 722/lakh*, making homeownership more affordable.
- Tailored loan options: Customise your home loan to suit your specific requirements with flexible loan amounts and repayment terms, granting you greater control over the home-buying process.
Top-up loan facility: Enhance your financial flexibility with a top-up loan, providing additional funds of up to Rs. 1 crore* or higher at competitive interest rates and minimal documentation, simplifying balance transfer management.
Visit the Bajaj Finserv website to learn more and apply for a home loan today. Secure your financial future with the right investments and the right financial support.
