Get Your Income Tax Refund Hassle-Free with LEGOMARK INDIA

Are you entitled to an income tax refund but unsure how to claim it? At LEGOMARK INDIA, we provide expert assistance to ensure you receive your refund quickly and efficiently. Whether you have overpaid taxes due to TDS deductions, advance tax payments, or self-assessment tax, our experienced tax professionals will help you navigate the process seamlessly.

What is an Income Tax Refund?

An income tax refund is issued by the Income Tax Department when a taxpayer has paid more tax than their actual liability. This overpayment may occur due to:

• Excess TDS deduction by employers or financial institutions

• Overpayment of advance tax

• Self-assessment tax paid in excess

• Errors in tax calculations

Once your Income Tax Return (ITR) is processed, the Income Tax Department verifies the details and issues a refund if you have overpaid. The refund is typically credited directly to your bank account.

When Are You Eligible for an Income Tax Refund?

You may be eligible for a refund in the following situations:

1. Excess TDS Deduction

If your employer or other deductors have deducted more tax at source than your actual tax liability, you can claim a refund.

2. Overpayment of Advance Tax

If you have made advance tax payments exceeding your total taxable amount for the year, you can receive the excess amount as a refund.

3. Incorrect Tax Calculations

If the Income Tax Department finds that you’ve overpaid due to miscalculations, you are entitled to a refund.

4. Carry Forward of Losses

If you have incurred business losses, these can be adjusted against future income, making you eligible for a refund.

How Does the Income Tax Refund Process Work?

The income tax refund process involves the following steps:

Step 1: Filing of Income Tax Return (ITR)

To claim your refund, you must file your ITR on time, accurately reporting income, deductions, and taxes paid.

Step 2: ITR Processing & Verification

Once your ITR is filed, the Income Tax Department verifies your details. If there is an excess tax payment, they approve the refund.

Step 3: Refund Issuance

After approval, the refund is credited to your bank account via electronic transfer (E-Refund) for a quicker process.

Step 4: Tracking the Refund Status

You can track the status of your income tax refund through the official Income Tax e-filing portal or your bank account.

Documents Required for an Income Tax Refund

To ensure a smooth refund process, you need to submit the following documents:

1. ITR Documents:

• Copy of filed ITR

• ITR-V acknowledgment receipt

• Form 26AS (TDS statement)

• Tax payment challans

2. TDS Documents:

• Form 16 (TDS certificate from employer)

• Form 16A/16B (TDS on income from other sources)

3. Bank Details:

• Bank account number & IFSC code for refund processing

4. Proof of Income:

• Salary slips

• Bank statements

• Income from investments

5. Proof of Deductions & Exemptions:

• Investment proofs (PPF, insurance, etc.)

• Health insurance premium receipts

• Home loan documents

6. Additional Documents (if applicable):

• Details of carry-forward losses

• Rectification notice (if applicable)

How LEGOMARK INDIA Helps You with Your Income Tax Refund

At LEGOMARK INDIA, we simplify the income tax refund process and ensure you receive your refund without hassle. Our services include:

Accurate ITR Filing – We file your return correctly, ensuring all tax credits and deductions are accounted for.

TDS Verification – We check your TDS records to prevent discrepancies that could delay refunds.

Refund Monitoring – We track your income tax refund status and provide timely updates.

Handling Delays & Issues – If your refund is delayed or rejected, we resolve issues with the Income Tax Department.

Quick Processing – We streamline the process, ensuring you receive your refund without unnecessary delays.

Why Choose LEGOMARK INDIA for Your Income Tax Refund?

• Experienced Tax Professionals – Our team has extensive expertise in handling income tax refunds.

• Comprehensive Support – We assist from ITR filing to refund tracking.

• Timely Updates – We keep you informed about your refund status.

• Affordable & Transparent Pricing – No hidden fees, just expert service at competitive rates.

• Customer-Focused Approach – We provide personalized assistance tailored to your tax situation.

Get Your Income Tax Refund Today!

Don’t let the income tax refund process confuse you. LEGOMARK INDIA is here to help you claim your refund efficiently. Contact us today for expert assistance and receive your refund without delays!