Highlights:
- The Income Tax department has issued ITR worth ₹ 1.73 crore this fiscal year so far
- More than 1.57 crore people had received their Income Tax Refund as of 11th January
- There are two ways to check the status of your ITR
As of the 11th January 2021, the Income Tax department has issued refunds worth more than ₹ 1.73 crore to over 1.57 crore Indian taxpayers in the current fiscal year. Out of this amount, the personal Income Tax Refund (ITR) are worth ₹ 57,137 crore, whereas corporate ITR amount to ₹ 1.15 lakh crore.
The Income Tax Department, in a tweet, said, “CBDT issues refunds of over Rs. 1,73,139 crore to more than 1.57 crore taxpayers between 1st April, 2020 to 11th January, 2021. Income tax refunds of Rs. 57,139 crore have been issued in 1,54,55,577cases &corporate tax refunds of Rs. 1,15,999 crore have been issued in 2,10,150 cases”.
CBDT issues refunds of over Rs. 1,73,139 crore to more than 1.57 crore taxpayers between 1st April,2020 to 11th January,2021. Income tax refunds of Rs. 57,139 crore have been issued in 1,54,55,577cases &corporate tax refunds of Rs. 1,15,999 crore have been issued in 2,10,150cases
— Income Tax India (@IncomeTaxIndia) January 13, 2021
What Caused Delay In ITR?
Generally, the ITR is received in a timeframe of 20 to 45 days from the day of completion of processing of the Income Tax Refunds by the Centralized Processing Centre.
Having said that, the refund could get delayed in case if the authority witnesses a mismatch between the tax return filed and the details which are available with the tax department. It could also be delayed in case where the details of the bank account mentioned are incorrect.
There are two ways you can check the status of your ITR.
- National Securities Depository Ltd’s (NSDL) website
- Income-tax department’s e-filing portal.
Also Read: Faceless Penalty Scheme Introduced By Income Tax Department
How to check ITR status on NSDL website:
-Visit the NSDL website to track refund: https://tin.tin.nsdl.com/oltas/refund-status-pan.html
– Fill in your credentials like PAN, Aadhaar and assessment year (AY).
-After submitting the details, click on ‘Proceed’.
-Your income tax refund status will be displayed on your computer screen.
How to check ITR status on the e-filing portal:
-Log in to the e-filing portal of the income tax department: https://www1.incometaxindiaefiling.gov.in/e-FilingGS/Services/ITRStatusLink.html
-Now select at view returns or forms
-Go to ‘My Account’ tab and select ‘Income Tax Returns’ and click on submit.
-Now you would need to click on the acknowledgement number.
-Your income tax refund status will be displayed on your computer screen.
Once your ITR is processed by the IT department, you will receive a message.
