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Do you know about Tax Refunds?

Do you know about Tax Refunds?

Do you know about Tax Refunds?

Do you know about Tax Refunds? A tax refund is the refund on taxes paid. When actual tax is less than taxes paid by an individual during a tax-year it results in tax refund. A refund can only be claim if the person has filed their income tax electronically. Also, refund amount should be clearly reflected in the income tax return in Iris. How can you claim your income tax refund? What is the Entitlement of the income tax refund? A separate application is submitted to Iris for claiming your income tax refund. It can also be claimed later on after submitting your Income Tax Return. But it should be within 3 years from the filing of return or from the date on which the tax was paid. Does a person filing Tax Return for Tax year after specified due date will be entitled to refund? When the person is not entitled to tax refunds? A manual Income Tax Return does not entitle you to a refund. How to check the status of your application? please visit your relevant Regional Tax Office (RTO). What is the date of assessment and why it is important in Tax refunds? Please email me mumtaz@akmumtaz.com and I will explain.