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 Tax refunds accrue interest at a rate of 0.5 per cent per month or part thereof for any delay. Checking refund status from the income tax e-filing portal Go to the official Income Tax e-filing website. You will see the status of your income tax refund, including details such as the assessment year, current status, reasons for any refund failures, and mode of payment.

Tax Income Interest Process Status Itr Return Refund Income Tax Department Refund Status Nsdl  interest  status  processing  dept  assessment  refund  return  pending  process  refunds  itr  2025  income  legally  tax

History of this topic

Missed ITR deadline? Here's your guide to filing belated return for AY 2024-25
4 days, 10 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, …

Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry
1 week, 4 days ago

Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry

Live Mint  

The Ministry of Finance on Thursday, December 12, announced that the issuance of tax refunds had increased 46.31 per cent during the period of April 1 to November 27 in the financial year 2024-25, compared to the same period in 2023-24, reported the news agency ANI. At its peak, the income tax return portal handled over 900 filings in a …

ITR deadline is November 15, 2024 for these taxpayers: Check details
1 month, 1 week ago

ITR deadline is November 15, 2024 for these taxpayers: Check details

Hindustan Times  

The deadline for filing income tax returns for the financial year 2023-24 is November 15, 2024, specifically for taxpayers subject to an income tax audit and some other designated taxpayers, The Economic Times reported. Thus, the tax audit report must also be submitted before filing the ITR. The ET report cited chartered accountant Prakash Hegde as saying the following types …

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 …

Taxpayers alert! ITR processing time reduced to 10 days from 93 days
4 months, 1 week ago

Taxpayers alert! ITR processing time reduced to 10 days from 93 days

Hindustan Times  

Finance minister Nirmala Sitharaman said that the average time taken to process income tax returns has decreased from 93 days in 2013 to 10 days. Finance minister said that the 'average' processing time has been reduced to 10 days. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} No, not all ITRs are going to be processed in 10 days as the Finance minister said …

ITR filing 2024: Keep these five things in mind before filing income tax return
5 months, 1 week ago

ITR filing 2024: Keep these five things in mind before filing income tax return

India TV News  

ITR filing 2024: The process of filing Income Tax Returns for the assessment year 2023-24 has commenced. Here are five things to keep in mind while filing your return to avoid errors and ensure smooth processing: Selection of form The choice of form depends on your sources of income. This time, the Income Tax Department has sought additional information through …

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 …

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 …

Average income tax return processing time reduced to 10 days. Details here
1 year, 3 months ago

Average income tax return processing time reduced to 10 days. Details here

Live Mint  

The average processing time for Income Tax Returns has significantly improved over the years as reported on the CNBCTV18 site. This is a remarkable improvement compared to the 82-day processing time in the Assessment Year 2019-20 and the 16-day processing time in the Assessment Year 2022-23. As per the Department's statement, out of the 6 crore 98 lakh ITRs filed …

CBDT processed 88 per cent ITR, refunds over Rs 2.45 crore issued till September 5
1 year, 3 months ago

CBDT processed 88 per cent ITR, refunds over Rs 2.45 crore issued till September 5

Firstpost  

“More than 6 crore ITRs of AY 2023-24 have been processed out of the verified ITRs as on September 5, resulting in processing of over 88% of the verified ITRs” CBDT said in a statement. The Income Tax Department has processed refunds of over Rs 2.45 crore for 6.84 crore verified Income tax returns, bringing down the average processing time …

ITR verification: Income tax department has this important message for taxpayers
1 year, 3 months ago

ITR verification: Income tax department has this important message for taxpayers

Live Mint  

ITR verification: If you do not e-verify your income tax return, the filing process is treated as incomplete and your ITR becomes invalid. The income tax department has urged taxpayers to not delay and complete the e-filing process today. Effective August 2023, the income tax department has made it mandatory for tax filers to e-verify their returns within 30 days …

ITR filing last date today: 26.74 lakh income tax return filed till 4 pm
1 year, 4 months ago

ITR filing last date today: 26.74 lakh income tax return filed till 4 pm

Firstpost  

If you miss to file your ITR before the deadline, you can file a belated ITR. However, you would be required to pay the penalty for late filing On the last day of filing of income tax returns, 26.74 lakh ITRs have been filed upto 4 pm. 26.74 lakh ITRs have been filed upto 4 pm today and 3.84 lakh …

File your Income Tax Returns online before the deadline: Check last-minute ITR filing tips here
1 year, 4 months ago

File your Income Tax Returns online before the deadline: Check last-minute ITR filing tips here

India TV News  

As the deadline for filing Income Tax Returns approaches, individuals who earn, whether they are salaried, self-employed, part of a Hindu Undivided Family, or work for multinational corporations or firms, are reminded of their primary responsibility to declare their income and pay taxes. The Income Tax Return serves as an official declaration of a taxpayer's income and serves as a …

ITR Filing Update: Why You Must NOT Delay Filing Your ITR? Check Latest Update Here
1 year, 5 months ago

ITR Filing Update: Why You Must NOT Delay Filing Your ITR? Check Latest Update Here

News 18  

Filing your income tax return on time is important for several reasons. “We would like to thank income tax return filers as ITR filing has been at a much faster pace than last year and we would advise them not to wait until the last moment and also not to hope for any extensions. About 5.83 crore income tax returns …

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: How long one should keep income tax return documents?
1 year, 11 months ago

ITR filing: How long one should keep income tax return documents?

Live Mint  

ITR filing: Filing income tax return is one of the most important responsibilities of an earning individual. However, keeping one's income tax return-related documents is also important to answer any query of the income tax department in future and avoid action under the Black Money Act 2015. However, the income tax department has power to send notice under income escaping …

FinMin extends ITR filing deadline for companies till Nov 7
2 years, 1 month ago

FinMin extends ITR filing deadline for companies till Nov 7

Deccan Chronicle  

NEW DELHI: The Finance Ministry on Wednesday extended the deadline for filing income tax returns for the assessment year 2022-23 by businesses till November 7. The Central Board of Direct Taxes, the apex decision-making body in matters of income and corporate tax, in a notification said since it had last month extended the deadline for filing audit reports, hence the …

ITR Filing: Filed Income Tax Return On Time But Did Not Get Refund Yet? Know Why It's Happening
2 years, 3 months ago

ITR Filing: Filed Income Tax Return On Time But Did Not Get Refund Yet? Know Why It's Happening

News 18  

It has been around 45 days since the due date of filing income tax returns has gone buy, and the income tax department has already started issuing refunds to eligible taxpayers. The income tax department has said income tax refunds of Rs 1.19 lakh crore have e been issued up to September 8, 2022, which are 65.29 per cent higher …

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 …

E-verify ITR: 30-day window still open. Steps for taxpayers to do it online
2 years, 4 months ago

E-verify ITR: 30-day window still open. Steps for taxpayers to do it online

Live Mint  

July 31 was the due date to file income-tax returns for the assessment year 2022-23. Those filing the return after the due date must verify their ITR as soon as possible as the time limit has been reduced for late filers from 1 August. The Income Tax department has reduced the time limit for e-verification or hard copy submission of …

Income tax return: How to file revised ITR online. Step by step guide
2 years, 4 months ago

Income tax return: How to file revised ITR online. Step by step guide

Live Mint  

Income tax return filing: The due date for unaudited income tax return filing has passed and those who have filed their return have either got ITR refund or they are waiting for their ITR refund. Under Section 139 of the income tax act, 1961, a taxpayer can revise one's ITR and file a revised ITR by removing the error in …

How to check income tax return (ITR) refund status online
2 years, 4 months ago

How to check income tax return (ITR) refund status online

Live Mint  

ITR refund status: The due date for income tax return filing for AY 2022-23 is gone and those who filed their ITR for FY 2021-22 have either got their ITR refund or they are waiting for it. How to check ITR refund status online with acknowledge number The income tax department in India offers taxpayers to check their ITR refund …

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 …

ITR refund: 5 income tax rules you should know
2 years, 4 months ago

ITR refund: 5 income tax rules you should know

Live Mint  

ITR refund: Due date for income tax return filing for AY 2022-223 is gone and those who have filed their I-T return on or before 31st July 2022, have either got their ITR refund or they are waiting for their ITR refund. Speaking on the income tax rules in regard to ITR refund, Mumbai-based tax and investment expert Balwant Jain …

E-verify ITR within 30 days or else… Income Tax Department new rule in 10 points
2 years, 4 months ago

E-verify ITR within 30 days or else… Income Tax Department new rule in 10 points

Live Mint  

New Delhi: The Income Tax department has reduced the time limit for e-verification or hard copy submission of the ITR-V, post filing of returns by taxpayers, from the current 120 days to 30 days, beginning August 1. 4) Till now, the time period to e-verify the ITR or send the ITR-V through post, after filing of an Income Tax Return, …

Income Tax Return Rule Change: Taxpayers Need to e-Verify ITR Within 30 Days, Know Details
2 years, 4 months ago

Income Tax Return Rule Change: Taxpayers Need to e-Verify ITR Within 30 Days, Know Details

News 18  

ITR Filing Rule AY 2022-23: Now, taxpayers have to electronically verify or e-verify their income tax returns within 30 days of filing the return of income. For those taxpayers who have filed income tax returns before August 1, will get earlier time limit of 120 days to e-verify their ITR forms. The income tax department mentioned in the notification, “Where …

ITR filing deadline missed? What you can do now
2 years, 4 months ago

ITR filing deadline missed? What you can do now

India TV News  

Highlights The last date for filing the ITR was July 31, 2022 There is an option to file belated ITR for those who missed the deadline However, one has to pay a fine depending on their pay scale to file belated ITR ITR deadline: Income Tax Return filing's last date was July 31, 2022 for the year 2021-2022. So, if …

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 …

Income Tax Returns: How to file ITR online? Here's a step-by-step guide
2 years, 5 months ago

Income Tax Returns: How to file ITR online? Here's a step-by-step guide

Hindustan Times  

The last date for filing the Income Tax Return in the current financial year of 2021-2022 is July 31. The last date for filing Income Tax Returns is July 31 for 2021-22. Go to e-File, income tax returns and then click ‘File Income Tax Return’ 6. Now, the Income Tax Department will process your return and will notify you about …

ITR filing: Furnish these details in return form to avoid getting notice from tax department
2 years, 5 months ago

ITR filing: Furnish these details in return form to avoid getting notice from tax department

Hindustan Times  

With the deadline to file income tax returns for financial year 2021-22 and assessment year 2022-23 – July 31 – closing in, salaried individuals are in the process of submitting their returns. On Friday, the Income Tax department, too, took to Twitter to appeal to taxpayers to file their returns on time to avoid any last-minute hassle. #ITR,” However, while …

When do you become eligible for an income tax refund?
2 years, 8 months ago

When do you become eligible for an income tax refund?

Live Mint  

A mismatch between the tax amount paid and the actual payable amount results in an income tax refund. Tax refunds are available under income tax and other direct tax legislation when the amount of tax paid by a person exceeds the amount on which he or she is legitimately taxable. The IT refund banker accepts orders for income tax refunds …

ITR last date: Taxpayers must file income tax returns by March 15
2 years, 9 months ago

ITR last date: Taxpayers must file income tax returns by March 15

India Today  

The income tax department has an important update for taxpayers. Pl visit: https://t.co/GYvO3n9wMf #ITR #FileNow pic.twitter.com/etNHD5mIvy — Income Tax India March 14, 2022 ITR FILING LAST DATE The last date for filing ITR for auditable cases for 2021-22 is March 15. "The extended due date to file ITR for this category for AY 2021-22 is 15th March, 2022," Income Tax …

Taxpayers must not miss this Income tax department's ITR alert
2 years, 9 months ago

Taxpayers must not miss this Income tax department's ITR alert

India Today  

The Income tax department has an important update for taxpayers who have filed income tax returns. Out of the total, income tax refunds of Rs 65,938 crore have been issued in 2,07,27,503 cases. Corporate tax refunds of Rs 1,17,641 crore have been issued in 2,30,566 cases, Income Tax India tweeted. 1,17,641 crore have been issued in 2,30,566 cases," Income Tax …

Income Tax Refund: Filed I-T Return? Quick Step-by-step Guide to Check Tax Refund Status
3 years, 2 months ago

Income Tax Refund: Filed I-T Return? Quick Step-by-step Guide to Check Tax Refund Status

News 18  

Are you eligible for an income tax refund? Once the tax department processes your ITR and confirms via an intimation notice, you will receive this income tax refund. The State Bank of India processes the income tax refund, and the amount is directly credited to the bank account, which the taxpayer has nominated at the time of filing his/her ITR. …

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 …

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 …

ITR Refund: How to check your Income Tax Refund status
3 years, 7 months ago

ITR Refund: How to check your Income Tax Refund status

India Today  

The Income Tax Department recently announced that it has issued refunds of over Rs. An income tax refund is due to a taxpayer if he has paid taxes higher when compared to his actual tax liability. There are two ways one can track their income tax refund status. On the income tax e-filing website On the TIN NSDL website How …

How to check income tax refund status: Check details here
3 years, 11 months ago

How to check income tax refund status: Check details here

India Today  

The government extended the deadline to file an income tax return for individual taxpayers of the assessment year 2020-21 and from the previous deadline of December 31, 2020, to January 10, 2021. An income tax refund is due to a taxpayer if he has paid taxes higher when compared to his actual tax liability. Here is the step-by-step guide to …

Here is How to Check Income Tax Refund Status at incometaxindiaefiling.gov.in
3 years, 11 months ago

Here is How to Check Income Tax Refund Status at incometaxindiaefiling.gov.in

News 18  

Income tax return is filed for claiming any excess amount that was deducted as tax in a financial year. Tax is levied on people whose annual income exceeds Rs 5 lakh after claiming eligible deductions and tax exemptions. If they file income tax refund after the due date, they will be levied Rs 1,000 as penalty. Those who have filed …

ITR filing 2019-20: Here are steps to file returns by 31 December and avoid paying penalty
3 years, 11 months ago

ITR filing 2019-20: Here are steps to file returns by 31 December and avoid paying penalty

Firstpost  

There is a penalty fee that needs to be given if a person misses their ITR filing date. As the last date to file Income Tax Returns inches closer, the number of ITRs filed each day is rising steadily. The Income Tax department tweeted on Wednesday, 30 December that more than 4.54 crore Income Tax Returns for AY 2020-21 have …

Filed Your Income Tax Return? Here is What Happens Next
4 years ago

Filed Your Income Tax Return? Here is What Happens Next

News 18  

So you have filed your Income Tax Returns for this year and want to know what lies ahead. For non-audit cases, the last date to file Income Tax Returns is now December 31, 2020 and for audit cases it is January 31, 2021. — The first thing for you to do after filing your Income Tax returns is to ensure …

ITR Filing: Last Month to file ITR, check details here
4 years ago

ITR Filing: Last Month to file ITR, check details here

India Today  

An income tax return is basically a document that is filed as per the provisions of the Income Tax Act, reporting one’s income, profits and losses, and other deductions as well as details about a tax refund or tax liability. The Income Tax Return filing deadline for the financial year 2019-20 earlier would have ended on November 30, 2020. ITR …

ITR Filing: Important dates to know for filing Income Tax Returns
4 years, 1 month ago

ITR Filing: Important dates to know for filing Income Tax Returns

India Today  

The government has now extended the deadline for filing an income tax return by a month and the new deadline is December 31. The due date of furnishing Income Tax Returns for taxpayers whose accounts require to be audited has been extended to January 31, 2021. In view of constraints being faced by taxpayers due to COVID-19,CBDT further extends due …

ITR Form 4: What is ITR-4 SUGAM, how to file and all you need to know
4 years, 1 month ago

ITR Form 4: What is ITR-4 SUGAM, how to file and all you need to know

India Today  

The Central Board of Direct Taxes has notified two Income Tax return forms for the assessment year of 2020-21. The Income Tax Return filing deadline for the financial year 2019-20 earlier would have ended on November 30, 2020. ITR Form 4: What is ITR-4 SUGAM Form ITR-4 is a simplified return form to be used by an assessee, at his/her …

Income Tax Refund: How to check ITR refund status for FY 2019-20
4 years, 1 month ago

Income Tax Refund: How to check ITR refund status for FY 2019-20

India Today  

The government has extended the deadline to file Income-Tax Returns for the financial year 2019-20 by another month. An income tax refund is due to a taxpayer if he has paid taxes higher when compared to his actual tax liability. There are two ways one can track their income tax refund status. These are as follows: On the income tax …

ITR filing: Income tax return filing deadline for FY 2019-20
4 years, 2 months ago

ITR filing: Income tax return filing deadline for FY 2019-20

India Today  

The government has extended the last date for filing an income tax return for the financial year 2019-20 from July 31, 2020, to November 30, 2020. 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 …

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