Query regarding ITRV

POSTED BY Sunnydoc ON July 25, 2011 9:09 pm COMMENTS (7)

Hi,

I filed my returns online this year.. After I uploaded the xml file on the IT website, I downloaded the ITRV.. So do I just send this to Bangalore and am I done?

My doubt was regarding the payment of my taxes due..How do I make the payment? Do they deduct the tax automatically from my account or am I supposed to do anything after this?

Clarification on this is greatly appreciated..

Sunnydoc

7 replies on this article “Query regarding ITRV”

  1. Sunnydoc says:

    very true.. thanks again…

  2. bemoneyaware says:

    Hello SunnyDoc,

    Congrats on realizing your mistake and correcting it.

    As Manoj rightly pointed out there are no stupid questions. My teacher used to say “There are no stupid questions only stupid answers.” And we learn more from mistakes than from success. Our school, our college just focus on academic and professional qualifications. We start earning money but then we are in this real world facing the money maze not knowing where to go.
    Thanks to forum like jago investor where we can ask and get our questions answered.
    Just to lighten up..Sharing some quotes on tax from my blog(http://www.bemoneyaware.com/blog/taxing-times-in-a-lighter-vein/):

    Today, it takes more brains and effort to make out the income-tax form than it does to make the income. ~Alfred E. Neuman

    A fine is a tax for doing something wrong. A tax is a fine for doing something right. Author Unknown

    The best things in life are free, but sooner or later the government will find a way to tax them. ~Author Unknown

  3. Sunnydoc says:

    Thank you so much Manish and Bemoneyaware,

    My doubt has been clarified.. Yup, I did search and even got through to the links you mentioned but was not aware that I need to refile my return with the updated challan number..

    Thanks again..The coupon was really helpful 🙂

    Sunnydoc

  4. Sunnydoc says:

    It may be a stupid question but could someone please help me on this.. What are the steps that I need to take to complete the tax process after I have got the ITRV.. I still need to pay 1200 as taxes due.. Where do I pay it online and how, after that is it enough that I send the ‘ITRV of 1200 tax due’, or should I redo the whole thing and show as ‘0 due’? Do I need to do anything else which I may be unaware of?

    Sunnydoc

    1. Sunny

      You need to clear all your dues first , pay that 1200 tax at https://onlineservices.tin.nsdl.com/etaxnew/tdsnontds.jsp

      You will get a challan number , you need to refile your taxes now and mention that challan number in the tax return .

      Once you get your ITR-V , just send it to the Bangalore address mentioned at https://www.jagoinvestor.com/2011/07/online-tax-returns-efiling.html

      Thats all

    2. Sunnydoc

      make sure you dont say “It may be a stupid question” from next time .

      If you ask something after doing your homework , then nothing is stupid

      Manish

  5. bemoneyaware says:

    Hello Sunny,
    After calculating the income tax if You need to pay remaining tax , YOU HAVE TO PAY THE TAX. IT IS YOUR RESPONSIBILITY. Pay Through Online deposit or netbanking of nationalised banks.
    Reference:
    http://indiafascinates.com/tax/income-tax-payment-online/
    http://easyitfiling.com/income-tax-returns-filing-online/how-to-pay-income-tax-due-in-india/

    I am not sure but after paying the remaining tax you need to refile your return.
    Thanks

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