Tuesday, July 31, 2007

IT Returns made Easy!

"E-filing" has made my lfe easier. It was a nightmare for me to file the IT returns this year as I am here in the UK and I need to file my returns to get my Tax refunded to my account. I would have had to ask my colleagues/friends/relatives to do that. But today, being the last day for filing the returns,I took chances and computed my tax using my Form-16 and filed my returns online. The the tool available in the incometax india website is little buggy , if you Form-16 is clear and correct, it is now very easy to file your returns online. But my case is a bit complex, where my form-16 does not have any mention about my deductions under section 80C and I would have to be refunded the tax amount that was paid during the last financial year.

Govt. is trying to make some changes but still there are people who dont welcome these changes and there are certainly many drawbacks because of our population and carelessness of people.

My refund for the financial year 2004-2005 is still pending and I am waiting for the 30k to be refunded to my account.

But anyway I would say this e-filing is a good step forward and I am looking forward to more and more such initiatives and faster processing of tax returns and refunds.

Let me now wait for this next refund and I am not sure how many years this refund is going to take.

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