I-T Refunds: Taxpayers To Receive Pending Refunds For FY2020-21 By April 30
9 months ago

I-T Refunds: Taxpayers To Receive Pending Refunds For FY2020-21 By April 30

ABP News  

The Income Tax Department has issued a circular assuring taxpayers awaiting their tax refunds for the financial year 2020-21 that they will receive their payments by April 30, 2024. Upon filing a return request at the Centralised Processing Centre within the specified timeframe, taxpayers receive an intimation notice under Section 143 of the Income-tax Act, 1961, indicating the successful processing of their Income Tax Return. Moreover, taxpayers have until March 31, 2024, to submit revised income tax returns for the financial year 2020-21. The Finance Act of 2022 introduced by the Centre allows taxpayers who missed filing their return or failed to report any income to file an updated ITR within 24 months from the end of the relevant assessment year, subject to certain conditions.

Income Itr Tax Returns Taxpayers  taxpayers  processing  income  financial  202122  pending  return  receive  30  timeframe  assessment  tax  returns  refunds  fy202021

History of this topic

Missed ITR deadline? Here's your guide to filing belated return for AY 2024-25
4 days, 9 hours ago

Missed ITR deadline? Here's your guide to filing belated return for AY 2024-25

India Today  

If you missed the original deadline to file your income tax return for FY 2023-24, don’t worry—you still have a chance. A belated ITR, filed under Section 139 of the Income Tax Act, is for taxpayers who missed the original filing deadlines. Regardless of the original deadlines, all taxpayers who missed them must file a belated ITR by December 31, …

Missed filing tax returns in July? File your belated ITR for FY24 by December 31
Trending News
4 days, 19 hours ago

Missed filing tax returns in July? File your belated ITR for FY24 by December 31

India Today  

If you missed the deadline to file your Income Tax Return for the financial year 2023-24 in July, you still have an opportunity to make amends. The Income Tax Department allows taxpayers to file a belated ITR by December 31, 2024. CONSEQUENCES OF LATE FILING Late filing fee As per Section 234F of the Income Tax Act, individuals filing their …

Tax Deadline: Authorities Extend Last Date For Filing ITRs. Find New Date Here
3 weeks, 1 day ago

Tax Deadline: Authorities Extend Last Date For Filing ITRs. Find New Date Here

ABP News  

The Central Board of Direct Taxes announced on Saturday that the deadline for income tax return filing has been extended. ➡️The due date for the assessees referred to in clause of Explanation 2 to Sub Section of Section 139 has been extended from 30th November, 2024, to 15th December, 2024. ➡️ Circular No.… pic.twitter.com/4umO91ELAQ — Income Tax India November 30, …

Income Tax Deadline: Last one week left to file tax return for THESE taxpayers. Check details
1 month, 2 weeks ago

Income Tax Deadline: Last one week left to file tax return for THESE taxpayers. Check details

Live Mint  

Taxpayers who are meant to get their accounts audited have only one week left to file their income tax return for AY 2024-25. The last date to file income tax return for these taxpayers is November 15. The income tax department recently issued a statement that says that it's the last week left for taxpayers whose accounts are audited or …

ITR refund pending? Tax dept legally has time until 2025 to process it
3 months, 3 weeks ago

ITR refund pending? Tax dept legally has time until 2025 to process it

Business Standard  

The Income Tax Department is processing millions of returns – a task that can take until the end of 2025 to complete for some taxpayers. If the refund is delayed beyond these periods, the taxpayer is entitled to receive interest on the refund amount as per Section 244A of the Income Tax Act,” he said. Interest on Income Tax refund …

I-T department sets April 30 deadline for approving refunds: Report
8 months, 1 week ago

I-T department sets April 30 deadline for approving refunds: Report

Live Mint  

If you have not received your income tax refund so far, there is good news for you. The Income Tax Department has set April 30 as the deadline for approving pending refunds, reported Business Line The department has prepared an interim action plan for tax refunds in this fiscal and set a timeline for various actions related to taxpayers, sources …

Deadline to file updated ITR FY20-21 ends on March 31: Details on additional tax
9 months, 1 week ago

Deadline to file updated ITR FY20-21 ends on March 31: Details on additional tax

Hindustan Times  

The deadline for submitting an updated income tax return for the financial year 2020-21 is on March 31. The provision allows taxpayers who missed filing their return for the said financial year or failed to report any income to file an updated ITR. There is no financial imposition on individuals wishing to furnish an updated return but they have to …

Income tax refunds: Taxpayers to get pending refunds for FY2020-21 by April 30. Check your email
9 months, 1 week ago

Income tax refunds: Taxpayers to get pending refunds for FY2020-21 by April 30. Check your email

Hindustan Times  

Income Tax: The Income Tax Department said that taxpayers who are still waiting for their tax refunds of FY2020-21 will get their payments by April 30. Income tax refunds: The Income-Tax department issues an intimation notice under Section 143 of Income-tax Act, 1961. Following a return request at the Centralised Processing Centre by a taxpayer within a specified period, the …

Income Tax Department considering drive to expedite refunds: Report
1 year, 2 months ago

Income Tax Department considering drive to expedite refunds: Report

Live Mint  

With 3.5 million tax refund cases currently delayed, the Income Tax Department is contemplating the organisation of campaigns aimed at aiding taxpayers. Nonetheless, tax authorities point out that misinformation concerning taxpayers' bank account and Permanent Account Number details is a key factor causing delays in refunds, said the report. A call centre located in Mysuru is dedicated to addressing tax …

Taxpayers might not get an income tax refund if the tax department has sent this notice. Details here
1 year, 2 months ago

Taxpayers might not get an income tax refund if the tax department has sent this notice. Details here

Live Mint  

If the Income Tax Department has issued a tax notice under Section 245 of the Income Tax Act, 1961, an individual may not receive the income tax refund they requested when filing their income tax returns, reported Economic Times. The Department may issue a Section 245 notice when the current year's income tax refund is being used to offset the …

I-T dept. asks taxpayers to respond to intimation of past tax demands for faster refund processing
1 year, 3 months ago

I-T dept. asks taxpayers to respond to intimation of past tax demands for faster refund processing

The Hindu  

The Income Tax department on Saturday asked taxpayers to respond to its intimation regarding outstanding demands of previous years to facilitate faster clearance of refunds for the 2022-23 fiscal. With some taxpayers taking to social media about receiving intimation from the I-T Department regarding past unsettled tax demands, the department, in a post on ‘X’ said, this is a taxpayer-friendly …

I-T Dept Working To Reduce Refund Processing Time To 10 Days: Report
1 year, 3 months ago

I-T Dept Working To Reduce Refund Processing Time To 10 Days: Report

ABP News  

The Income Tax department is planning to come up with a system to help individuals get their tax refunds in an easy and quick manner. The tax department has decided to introduce a system to reduce the average processing and issuance time for tax refunds. The report quoted an anonymous government official and said, “In 2022-23, the average time taken …

What Happens If I Miss Deadline to File Income Tax Returns?
1 year, 4 months ago

What Happens If I Miss Deadline to File Income Tax Returns?

Deccan Chronicle  

July 31, Monday, marks the final day for taxpayers to file their Income Tax Returns for the financial year 2022-23. The Income Tax Department has been closely monitoring the situation and informed that its helpdesk is functioning 24x7 to provide additional support to handle the anticipated influx of taxpayers seeking assistance in the eleventh hour. The Income Tax Department has …

Income Tax Due Dates in May 2023: Check deadlines for this month's ITR filing
1 year, 7 months ago

Income Tax Due Dates in May 2023: Check deadlines for this month's ITR filing

Firstpost  

With the new changes in the Income Tax Act coming into effect from April 2023, it is time when people need to start worrying about tax deadlines that are due in May 2023 as the month is about to commence. Speaking of which, the Income Tax Department on its official website has issued a tax calendar that states the important …

ITR filing last date AY 2023-24: Due date for filing income tax returns
1 year, 8 months ago

ITR filing last date AY 2023-24: Due date for filing income tax returns

India Today  

Income Tax Returns must be filed by July 31 for the FY 2022-23. On the other hand, if the tax evaded exceeds Rs 25 lakh the punishment could be 6 months to 7 years", as per the website of the Income Tax Department. WHICH TAX RETURN TO FILE: The Income Tax department has notified seven different forms i.e., ITR 1, …

ITR filing last date for FY 2019-20: How much additional tax do you need to pay?
1 year, 9 months ago

ITR filing last date for FY 2019-20: How much additional tax do you need to pay?

Live Mint  

ITR filing last date for FY 2019-20: The deadline to file an updated income tax return for FY 2019-20 is 31 March 2023. An updated income tax return or ITR-U is a form that allows taxpayers to file the ITR or to correct errors or omissions on their ITRs up to two years from the end of the relevant assessment …

Income Tax: Last day for late and revised ITR is December 31: Here’s what happens if you fail to file
1 year, 11 months ago

Income Tax: Last day for late and revised ITR is December 31: Here’s what happens if you fail to file

Live Mint  

Do not forget to file your income tax returns for financial year 2021-22 amid the festivities of the new year if you haven't already. Assessees must file belated ITRs under Section 139 of the Income Tax Act, 1961. While filing belated ITRs, taxpayers must ensure that they select Section 139 in the tax return form and that the applicable penalty …

Income Tax: Forgot to file the I-T Return? Know about revised, belated and updated returns
2 years, 2 months ago

Income Tax: Forgot to file the I-T Return? Know about revised, belated and updated returns

Live Mint  

Income tax, IT department, income tax return, ITR filing- all of these terms can get confusing at at a point. Revised ITR Imagine that you hastily submitted your return before July 31, 2022, only to discover that you neglected to add some income and made a few mistakes.You can file a revised return in this situation to update your income …

Haven't Received Income Tax Refund Yet? Step-by-Step Process to Track ITR Refund Status Online
2 years, 4 months ago

Haven't Received Income Tax Refund Yet? Step-by-Step Process to Track ITR Refund Status Online

News 18  

Taxpayers often end up paying an excess amount to the Income Tax Department due to various reasons. Even employers deduct more income tax for salaried employees at times due to wrong calculations or lack of proof of savings under various sections of the Income Tax Act. The Income Tax Act, 1961 states under sections 237 to 245, that tax refunds …

ITR Refund: Filed ITR? Know How to Check Refund Status, When You Will Get It
2 years, 4 months ago

ITR Refund: Filed ITR? Know How to Check Refund Status, When You Will Get It

News 18  

ITR Refund AY 2022-23: The due date to file income tax return, or ITR for AY 2022-23, has ended on July 31. Those who have filed their ITR for AY 2022-23 on time will now wait for their income tax refunds, which is issued to taxpayers only when they pay higher taxes than the actual liabilities. The income tax department …

Income Tax Return Filing AY 2022-23: Missed ITR Filing Deadline? Know What You Can Do
2 years, 4 months ago

Income Tax Return Filing AY 2022-23: Missed ITR Filing Deadline? Know What You Can Do

News 18  

ITR Filing AY 2022-23: The due date to file income tax return has already passed on July 31, Sunday. according to the government rule under the Finance Act, taxpayers can file income tax returns after the due date. Those who have already filed their income tax returns are also eligible to file a revised return if there was a gap …

ITR: Income tax return deadline tomorrow. File it immediately to avoid penalty
2 years, 4 months ago

ITR: Income tax return deadline tomorrow. File it immediately to avoid penalty

Hindustan Times  

The last date for filing income tax returns is July 31, i.e Sunday. The income tax department has made it clear that the deadline will not be extended, and has asked the tax payers to file their returns before the deadline to avoid any fine. On Friday, the income tax department took to Twitter to remind the tax payers about …

ITR Filing Last Date for AY 2022-23 Nears: Will Govt Extend Deadline to File Income Tax Return?
2 years, 4 months ago

ITR Filing Last Date for AY 2022-23 Nears: Will Govt Extend Deadline to File Income Tax Return?

News 18  

ITR Filing for AY22-23: The Income Tax Department as well as the government have been repeatedly saying that the deadline to file income tax returns will not be extended beyond July 31, despite receiving requests from taxpayers and associations to do the same. #FileNow!Pl visit: https://t.co/GYvO3n9wMf #ITD pic.twitter.com/Kd5GVaeGb2— Income Tax India July 25, 2022 Not only the income tax department, …

ITR Due Date AY 22-23: Know Last Date of Filing ITR for FY22 for Salaried, Companies, Others
2 years, 5 months ago

ITR Due Date AY 22-23: Know Last Date of Filing ITR for FY22 for Salaried, Companies, Others

News 18  

ITR Due Date AY 22-23: If you are an earning individual, you must pay income tax. The last date of filing income tax return for financial year 2021-22 or assessment year 2022-23 is July 31, 2022. 2) The last date for filing income tax return for Hindu Undivided Families, who do not need an audit, is also July 31, 2022. …

Income tax return: Don't miss out ITR filing over assessment year, financial year confusion
2 years, 7 months ago

Income tax return: Don't miss out ITR filing over assessment year, financial year confusion

India Today  

Covid pandemic forced the government to extend the deadline for filing the income tax return several times. While the last date for filing ITR for the assessment year 2021-22 was March 31 this year, it's time for taxpayers to file tax returns for AY 2022-23. ITR FORMS Income taxpayers must take note that the Finance Ministry has notified new ITR …

ITR filing last date: No refund, higher TDS likely if income taxpayers don't file returns
2 years, 8 months ago

ITR filing last date: No refund, higher TDS likely if income taxpayers don't file returns

India Today  

The income tax return filing last date is March 31, 2022 and non-filers may not get any income tax refund, if due. Apart from this, taxpayers who won't file ITR, may be required to pay higher Tax Deducted at Source. #FileNow Pl visit: https://t.co/GYvO3n9wMf#ITR pic.twitter.com/cfXpKPEgp8 — Income Tax India March 25, 2022 Those who won't file ITR by March 31, …

ITR Filing, PAN-Aadhaar Link, Others: 5 Tasks Taxpayers Should Complete by March 31
2 years, 8 months ago

ITR Filing, PAN-Aadhaar Link, Others: 5 Tasks Taxpayers Should Complete by March 31

News 18  

Income Tax Deadline: The ongoing financial year is on its way to end this week and this should remind salaried taxpayers to finish a slew of tax-related tasks before March 31, which is a crucial deadline for them. From filing belated income tax return to planning your taxes, March 31 is the last date to do it all to avoid …

This Is The Quickest Way To Get Your Tax Refund In 2022
2 years, 11 months ago

This Is The Quickest Way To Get Your Tax Refund In 2022

Huff Post  

sesame via Getty Images Keep an eye out for your W-2 and 1099s and sign up for direct deposit. The IRS said that it is dealing with staffing shortages and a backlog of over 6 million individual tax returns from last year as of late December, and expects “enormous challenges” during this year’s tax filing season. To avoid any additional …

ITR filing: Missed December 31 deadline? Here's what you can do
2 years, 11 months ago

ITR filing: Missed December 31 deadline? Here's what you can do

Hindustan Times  

The last date to file the Income Tax Return for the financial year 2020-21 was December 31. Nearly 5.89 crore income tax returns for the 2020-21 fiscal were filed on the new e-filing portal till the December 31 deadline. The last date to file revised income tax returns for assessment year 2021-22 is March 31, 2022. Nearly 5.89 crore income …

Here is why income taxpayers are getting reduced tax refunds
3 years ago

Here is why income taxpayers are getting reduced tax refunds

Live Mint  

Have you filed your income tax return? This is because there has been an error in the new income tax portal because of which taxpayers are getting reduced tax refunds. Abhishek Soni, CEO & Co-Founder, Tax2win.in said, "We observed that many taxpayers are not getting the complete amount of Refund as claimed in the ITR even the TDS amount is …

ITR filing deadline extended till 31 Dec
3 years, 3 months ago

ITR filing deadline extended till 31 Dec

Live Mint  

The income-tax department on Thursday extended the date of filing income tax returns and report of audits to 31 December, from the previous deadline of 30 September. The date for filing belated ITR returns was also extended by a month from 31 December to 31 January 2022 and reports from accountants on international transactions or specified domestic transactions under Section …

Finance Ministry Extends Due Date For Filing Of Income Tax Returns (ITRs) For FY 2020-2021 To December 31
3 years, 3 months ago

Finance Ministry Extends Due Date For Filing Of Income Tax Returns (ITRs) For FY 2020-2021 To December 31

Live Law  

The Central Board of Direct Taxes today extended the due date of filing of income-tax returns and various reports of audit for the Assessment Year 2021-22 yet again and now, the new ITR filing deadline is December 31, 2021.Earlier, it was extended from July to September and now, the same has been extended to December 31, 2021.The same has been …

Income-tax return (ITR) filing deadline for FY21 extended till 31 Dec. Details
3 years, 3 months ago

Income-tax return (ITR) filing deadline for FY21 extended till 31 Dec. Details

Live Mint  

The Central Board of Direct Taxation on Thursday extended the Income-Tax Return filing deadline FY 2020-21 for individuals till 31 December 2021, mostly for the difficulties faced by taxpayers in the wake of Covid-19 pandemic. “The due date of furnishing of Return of Income for the Assessment Year 2021-22, which was 31st July, 2021 under sub-section of section 139 of …

Tax refund: I-T Department asks taxpayers to send online response for AY 20-21
3 years, 3 months ago

Tax refund: I-T Department asks taxpayers to send online response for AY 20-21

Live Mint  

The Income Tax Department has urged taxpayers to "respond online quickly" so that their pending refunds for assessment year 2020-21 can be processed expeditiously. In order to resolve pending refunds of assessment year 2020-21, the income tax department is in the process of communicating with taxpayers, where response from taxpayers would be required in cases involving notices "for prima facie …

Income Tax Return Filing Deadline: CBDT Extends Due Date of Various ITR e-filing Forms
3 years, 3 months ago

Income Tax Return Filing Deadline: CBDT Extends Due Date of Various ITR e-filing Forms

News 18  

What comes as a big relief to taxpayers in India, the Finance Ministry had announced that it would be extending the deadlines for e-filings of various income tax returns forms that come under the ambit of the Income-Tax Act, 1961. 15CC to be furnished by authorized dealer in respect of remittances made for the quarter ending on 30th June, 2021, …

All you need to know about the new tax filing system
3 years, 6 months ago

All you need to know about the new tax filing system

Live Mint  

The old income tax portal, incometaxindiaefiling.gov.in, was shut for users from 1 to 6 June as the government worked on launching its new income tax filing portal, incometax.gov.in. The new system is supposed to rapidly process income tax returns and issue refunds. In the old system, tax was paid on the National Securities Depository Ltd -run website which would issue …

Govt extends FY21 ITR filing deadline for individuals till Sep 30
3 years, 7 months ago

Govt extends FY21 ITR filing deadline for individuals till Sep 30

India TV News  

In view of the Covid situation, the government on Thursday extended current financial year Income Tax Return filing deadline for individuals by two months till September 30, 2021. As per the income tax law, for individuals whose accounts are not required to be audited and who usually file their income tax return using ITR-1 or ITR-4 forms the deadline to …

Taxes 2020: Everything you need to know about filing this year
3 years, 7 months ago

Taxes 2020: Everything you need to know about filing this year

CNN  

Next Monday, May 17, is the official deadline for individuals to file their 2020 federal tax return, and in most instances their state tax return, too. While the original filing and payment due date was April 15, the IRS has pushed the deadline to May 17 to give individual filers, tax preparers and the IRS itself more time to sort …

How to file belated Income Tax return for FY 2020, check here
3 years, 7 months ago

How to file belated Income Tax return for FY 2020, check here

India Today  

The government has extended the timelines for various income tax compliances, including the filing of belated or revised return for 2019-20 fiscal, till May 31. The Central Board of Direct Taxes has said that the filing of the belated income tax return under sub-section and revised return under sub-section of Section 139 of the Income Tax Act, 1961, for the …

Income Tax Return or ITR for FY20 Can Be Filed Till May 31. Know Details
3 years, 7 months ago

Income Tax Return or ITR for FY20 Can Be Filed Till May 31. Know Details

News 18  

In the wake of severe Covid-19 pandemic, the Central Board of Direct Taxes has decided to extend timelines of various tax compliance dates on Saturday. “In view of the adverse circumstances arising due to the severe Covid-19 pandemic and also in view of the several requests received from taxpayers, tax consultants & other stakeholders from across the country, requesting that …

Income Tax Calendar 2021: List of Important Dates for I-T Returns, Audit Reports
3 years, 11 months ago

Income Tax Calendar 2021: List of Important Dates for I-T Returns, Audit Reports

News 18  

In a bid to simplify the taxation process and to reward the honest taxpayers, the government has launched a platform called ‘Transparent Taxation – Honouring the Honest’. Here is a list of month-wise important dates as per the Income Tax Calendar 2021: January January 10: Last date for filing of Income Tax Returns for those who need no audit January …

Income tax calendar 2021: Important dates and deadlines you should know
3 years, 11 months ago

Income tax calendar 2021: Important dates and deadlines you should know

India TV News  

The Income Tax department has issued a new e-calendar for the year 2021 having a list of all the important tax-related deadlines. Here is the direct link for Income Tax Calendar 2021 PDF Download: Here are all the important dates you should know from income tax perspective in 2021: January January 7: Due date for deposit of Tax deducted/collected for …

Income tax return filing deadline for FY 2019-20 extended again to January 10, 2021
3 years, 11 months ago

Income tax return filing deadline for FY 2019-20 extended again to January 10, 2021

India Today  

The government has again extended the deadline to file an income tax return for individual taxpayers of the assessment year 2020-21 and from the current deadline of December 31, 2020, to January 10, 2021. As per the IT Department "the extension of the deadline to file ITR for FY 2019-20 till January 10 is for those individuals whose accounts are …

Due date for filing income tax returns extended. Check details
3 years, 11 months ago

Due date for filing income tax returns extended. Check details

India TV News  

In view of the continued challenges faced by taxpayers in meeting statutory compliances due to the outbreak of COVID-19, the government on Wednesday further extends the dates for various compliances. The deadline to file income tax return for FY 2019-2020 has been extended for individuals from December 31, 2020, to January 10, 2021. The extension of the deadline is for …

Belated Returns: Last date for filing Belated Income Tax Return extended
4 years, 1 month ago

Belated Returns: Last date for filing Belated Income Tax Return extended

India Today  

The deadline to file belated/revised income tax returns for FY 2018-19 has been extended to November 30, 2020, from the earlier one of September 30, 2020. Until assessment year 2017-18, there was no penalty for filing belated income tax returns. Here is how to file an Income Tax Return after the due date: The process of filing a belated return …

FinMin notifies extended deadline for 2019-20 ITR filing
4 years, 1 month ago

FinMin notifies extended deadline for 2019-20 ITR filing

The Hindu  

The finance ministry has notified the extended due date for filing income tax returns for the 2019-20 fiscal. Nangia Andersen LLP Partner Sandeep Jhunjhunwala said although the government had announced the extension of ITR and audit report filing due dates last week, but there was an ambiguity if such extension is available for corporates to whom tax audit and transfer …

Deadline for filing I-T returns extended till December 31
4 years, 1 month ago

Deadline for filing I-T returns extended till December 31

The Hindu  

The government has further extended the due date for filing income tax returns for the financial year 2019-20. The deadline for businesses to file annual Goods and Services Tax returns and reconciliation statements for for the financial year 2018-19, has also been extended from October 31, 2020 to December 31, 2020. “Further, in order to provide relief to small and …

ITR filing deadline for FY 2019-20 (AY 2020-21) extended. Check new dates
4 years, 1 month ago

ITR filing deadline for FY 2019-20 (AY 2020-21) extended. Check new dates

Live Mint  

In a major relief to taxpayers, the Central Board of Direct Taxes on Saturday extended the deadline for filing income-tax returns for FY 2019-20 by a month till 31 December, 2020. "The due date for furnishing of Income Tax Returns for the taxpayers has been extended to December 31, 2020," CBDT said in a statement. "The due date for furnishing …

[Breaking] Finance Ministry Extends Due Date For Filing Of Income Tax Returns For FY 2019-2020 [Read Press Release]
4 years, 1 month ago

[Breaking] Finance Ministry Extends Due Date For Filing Of Income Tax Returns For FY 2019-2020 [Read Press Release]

Live Law  

The Ministry of Finance on Saturday announced that it has extended the due date for filing of income tax returns for the financial year 2019-2020 in the manner as follows : The due date for furnishing of Income Tax Returns for the taxpayers who are required to get their accounts audited. The Ministry of Finance on Saturday announced that it …

Discover Related