6 Important Steps after IT Return e-Filing ?

This document covers

1. Verify your ITR.
2. Do you know?
3. Trace the ITR-V Status.
4. Check for Intimations / Notices.
5. Secure the IT Documents for future use.
6. Avoid the Penalty by paying Advance Tax
7. Optimize your Taxes for better Savings

2. Do you know?

A Taxpayer must eVerify the return to make it processed further. No refund is possible without it.

At a high level, there are 6 steps you should do post e-Filing your Return to have full compliance, and to have your Taxes optimized for Savings.

Now, let’s take deep dive in to the above steps after e-Filing.

3. Trace the ITR-V Status

• If you have verified your return by physically sending a signed copy of ITR-V to the Centralized Processing Centre (CPC), it is essential to monitor the acknowledgment status until it is marked as received.
• Once CPC receives the ITR-V, an acknowledgment is sent to your registered e- mail ID and mobile number.
• How to Check ITR-V Receipt Status

  You can verify whether CPC has received your ITR-V by:

  • Login to Income Tax e-Filing portal.
  • Go to file >> Income Tax Returns >> View filed returns.
  • By clicking on the relevant assessment year, it will show the status of your ITR

For detailed instructions visit How to check Income Tax Return (ITR) Status ?

CPC Helpline

Alternatively, you may contact CPC Bangalore directly at: 1800 103 0025 or 1800 419 0025

4. Check for Intimations / Notices

• The Income Tax Department (ITD) sends an email titled "Intimation under Section 143(1)" after processing your return.
• This intimation contains details such as:
  • Total TDS deducted
  • Total tax paid
  • Deductions claimed
  • Tax calculation as per your return
  • Losses claimed by taxpayer
  • Tax calculation as computed by the department under Section 270(1) of IT Act 2025 (Section 143(1) of IT Act 1961)
• What Does This Mean?

  The intimation compares:

  • Income tax calculated by you in your return
  • Income tax calculated by the Income Tax Department

  By checking this, you will know whether:

  • Your return is accepted as filed, or
  • There is a difference in tax calculation

  If there is any difference, you must take corrective action within the time limit mentioned in the email. This may include responding to a notice or filing a revised return, if required.

• Refund or Additional Tax

  After receiving the intimation:

  • If you are eligible for a refund, it will be credited directly to your bank account or sent by cheque.
  • If extra tax is payable, you must pay it within the specified time.
  • If any clarification is requested, you should respond accordingly.

For detailed instructions visit Check Income Tax Refund Status & Processing Times

5. Secure the IT Documents for future use

• Even after filing your return, it is important to safely keep all your income tax documents.
• As per the Income Tax Department rules, the department can ask for details of your past up to 8 years. If that happens, you must be able to provide proper records.
• Important Documents to Keep

  You should safely store the following:

  • Form 130 of IT Act 2025 (Form 16 of IT Act 1961) (Salary TDS certificate)
  • Form 131 of IT Act 2025 (Form 16A of IT Act 1961) (TDS on other income like interest, commission, etc.)
  • Copy of tax paid challans
  • Documents for tax exemptions/deductions (like LIC, PPF, ELSS, medical insurance, home loan, etc.)
  • Bank account statements
  • Gift deeds, if you received any gifts / Sale deeds etc
  • Copy of your Income Tax Return (ITR) and ITR acknowledgment

Keeping these documents properly (physical or digital copy) will help you respond quickly if any notice or query is raised in the future.

Refer other article on How Long to Keep your Tax Documents for an extensive information.

6. Avoid the Penalty by paying Advance Tax

If you have net income more than Rs. 3 Lakhs after all the tax saving investments, if the tax is not deducted on that amount, you may need to pay the advance tax every quarter to avoid the interest calculated per section 423 of IT Act 2025 (section 234A of IT Act 1961) , section 424 of IT Act 2025 (section 234B of IT Act 1961) , section 425 of IT Act 2025 (section 234C of IT Act 1961)

If you have a capital gain from the sale of a capital asset, you can either reinvest it according to the income tax rules or deposit it in a capital gain account scheme to defer or avoid paying income tax, or you can pay tax in advance based on the gain value.

Refer toEZTax.in Experts for the assistance you require and plan accordingly, or obtain the advanced tax calculation.

7. Optimize your Taxes for better Savings

It’s vital not to ignore Taxes in your Savings Plan, as is contributing towards 20-30% of your earnings. Speak to a Tax Expert to schedule an appointment to see where you can save on your Taxes. Many times, you need to have a multi-year comprehensive plan to reduce your tax burden. Call EZTax.in to schedule one Today.