ITR selected under Risk Management Process | Classic Associates, Tuticorin

“ Dear Taxpayer, It is seen that a claim of refund has been made in the Income Tax Return xxxxxxxxxxxxxxxxx (e-filing acknowledgement number) @ for 20YY (Ass.Year.) filed by you on DD-MMM-YYYY.(Date of Filing of Income Tax Returns). Your Income Tax Return has been selected under risk management process wherein your confirmation is required on the claim of refund. You are requested to submit your response in the e-Filing Portal post login by selecting either of the following options: 1. The claim of refund is correct to the best of my knowledge and belief. 2. Return of Income is being revised wherein, correct claim of refund shall be made. To submit the above mentioned response, please login to e-Filing portal,

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Avoid filing revised income tax returns for faster processing under the Jhatpat scheme | Classic Associates, Tuticorin

The Income Tax Department launched Jhatpat Processing of tax returns on December 20. Now, taxpayers have come up with novel ways to hasten processing of their returns filed between June and August 20, which are yet to be processed. Just for perspective, returns filed after mid-October 20 are being processed within days. This has led to vague suggestions by taxpayers that if your tax return has not been processed yet, you should revise your return as that would ensure faster processing and delivery of refund, going by the swiftness of the new tax-filing utility. But blindly following the advice and Revising the Return could backfire and lead to further delay of processing the return, warn chartered accountants. Not all returns processed With

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