Income Tax Department issues Rs 24,792 crore refunds, know how to check status
By Lokmat English Desk | Published: May 20, 2021 02:22 PM2021-05-20T14:22:56+5:302021-05-20T14:22:56+5:30
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The Income Tax department on Wednesday said it has issued over Rs 24,792 crore refunds to more than 15 lakh taxpayers so far this fiscal.
Of this personal income tax refunds worth Rs 7,458 crore has been issued in over 14.98 lakh cases. Corporate tax refunds of Rs 17,334 crore have been issued to 43,661 taxpayers.
CBDT issues refunds of over Rs 24,792 crore to more than 15 lakh taxpayers between 1st April 2021 to 17th May 2021," the Income-tax department tweeted.
The I-T department did not specify the financial year for the refunds. However, it is believed that the refunds are for tax returns filed for the 2019-20 fiscal.
In the previous fiscal, which ended on March 31, 2021, the department had issued Rs 2.62 lakh crore worth refunds to more than 2.38 crore taxpayers.
The refunds issued in the 2020-21 fiscal is 43.2 per cent higher than Rs 1.83 lakh crore issued in 2019-20, which ended March 31, 2020.
After filing the income tax return, after its verification, when it is sent, the Income Tax Department starts verifying it.
If your claim is accepted, the refund amount is then returned directly to your bank account or by check.
But ITR processing takes some time. The following process is required to check your status.
Click on the dashboard option provided on the Income Tax Department website. Then click View Return and Form. Then click on Income Tax Return to go to the Income Tax Return page.
After going to the Income Tax Return page, it will show you whether your ITR has been processed there or is pending for verification.
If your ITR does not show that it has been verified, you can request for re-verification with the help of your Aadhar card.
In addition, you can send the signed ITR-V form only to the Income Tax CPC Office through the General Post or Speed Post Service of the Indian Post Office.
In addition, you can send the signed ITR-V form only to the Income Tax CPC Office through the General Post or Speed Post Service of the Indian Post Office. You will have to wait for a refund until you are successfully written as verified in that place.
If the ITR is not processed, the taxpayer can file a complaint with the CPC or the Access Authority. The taxpayer can also request that the ITR processing be expedited.
