What is a digital signature in income tax filing?

What is a digital signature in income tax filing?

Meaning of Digital Signature A digital signature is an electronic form of a physical signature used to authenticate documents. In income tax filing, it is used to verify identity and confirm the authenticity of returns and forms filed online. It is based on encryption...
What is surcharge in income tax?

What is surcharge in income tax?

Meaning of Surcharge Surcharge is an additional tax levied on the amount of income tax payable. It applies to taxpayers with high income levels beyond certain thresholds. It is calculated as a percentage of the income tax and not on total income. Surcharge rates vary...
What is e-verification of income tax return?

What is e-verification of income tax return?

Meaning of E-Verification E-verification is the process of confirming the authenticity of your filed Income Tax Return (ITR) electronically. It replaces the traditional method of sending a signed physical ITR-V form to the tax department. It is a mandatory step to...
Can I track my income tax refund status?

Can I track my income tax refund status?

Yes, Refund Status Can Be Tracked You can track your income tax refund once your return has been filed and verified. The Income Tax Department provides regular updates on the refund process. Status can be checked online using your PAN and assessment year details. It...