Don't forget to file a return to claim refund

As mentioned above that there are some exceptions in filing tax returns and under those criteria’s the individual wouldn’t have to file the return. But even if the individual has a refund which is due then he must file a tax return and get the refund. This is possible if the tax deducted at the source is more than the actual tax liability.

For instance, if the taxable income  is below 1.8 lakh but the bank deducts tax at the source on the interest amount  then the refund can be claimed and even in the case when there is a capital loss but the tax is deducted at the source on the capital gains so the tax return can be filed.

Sankla says, “If you are expecting a refund, make sure that you put accurate bank details such as account number and MICR code of the branch. If you e-file your return, refunds are processed electronically so it is important to give accurate bank account details.”