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Why you have not received ITR Refund till now? Some of the ITR filing cases go for scrutiny by the Income Tax Department to ensure accuracy and compliance. If your return has gone for scrutiny, then the ITR refund will take time to be credited to the account. ....
Income Tax Refund in 12 hours! ITR processing time reduced as taxpayers file in record numbers financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Updated Mar 12, 2021 | 06:54 IST You can check income tax refund status on the National Securities Depository Ltd (NSDL) website, as well as on the Income-tax department’s e-filing portal. ITR successfully processed but tax refund failed? Do this New Delhi: From the day of completion of processing of ITR by the Centralized Processing Centre (CPC), tax refunds are received within 20-45 days normally. A taxpayer is eligible to receive an income tax refund if there is more tax pain to the government than actual tax liability. This usually happens when the advance tax, self-assessment tax paid, and/or TDS deducted from the taxpayer is higher than the total tax liability of a taxpayer. ....
Updated Jan 16, 2021 | 06:28 IST The income tax department has also introduced a new initiative called, Jhatpat Processing to smoothen the ITR filing experience for taxpayers. Income tax refund delayed? These mistakes could be the reason New Delhi: The Central Board of Direct Taxes (CBDT) informed on Wednesday that it has issued refunds worth Rs 1,73,139 crore to more than 15.7 million taxpayers from 1 April 2020 to 11 January 2021. Income tax refunds of Rs 57,139 crore have been issued in 15,455,577 cases and corporate tax refunds of Rs 1,15,999 crore have been issued in 210,150 cases. However, many taxpayers have been complaining on social media that they filed income tax returns (ITRs) around 4-5 months ago but are yet to get refunds. While some taxpayers are getting refunds within a week’s time, there are many who have not received theirs even after months. ....