Regarding refund, Income Tax Department has written in a tweet, Income Tax refund of Rs 49,194 crore has been issued to 1,35,35,261 entities and Corporate Tax refund of Rs 95,133 crore has been issued in more than 2.11 lakh cases.
So far, 1.38 crore taxpayers have been given income tax refund of Rs 1.44 lakh crore. The IT Department gave this information on Wednesday. Right now the time for ITR filing is also going on. The last date for filing income tax return is December 31.
Regarding the income tax refund, the tax department has said that 99.75 lakh refunds are for the assessment year 2021-22. The term of this assessment year will end on March 31, 2021. So far, Rs 20,451.95 crore has been issued as refund to 99.75 lakh people.
Tax return information
On the other hand, the tax department has also given information about ITR filing. The tax department has said that till December 21, 4 crore income tax returns have been filed for the financial year 2020-21. With the deadline of December 31 approaching, ITR filing is witnessing a spurt. The IT department wrote in a tweet, 4 crore income tax returns have been filed so far. In the last 7 days only 46.77 lakh ITRs have been filed. On December 21, 8.7 lakh ITRs were filed.
What did the tax department say about refunds?
Regarding refund, Income Tax Department has written in a tweet, Income Tax refund of Rs 49,194 crore has been issued to 1,35,35,261 entities and Corporate Tax refund of Rs 95,133 crore has been issued in more than 2.11 lakh cases. “CBDT issued refunds of over Rs 1,44,328 crore to over 1.38 crore taxpayers from April 1, 2021 to December 20, 2021,” the tweet said.
Earlier, regarding the tax return, the department said, ‘The Income Tax e-filing portal has received more than four crore ITRs for the financial year 2021-22 till December 21, 2021. 46.77 lakh ITR returns were filed in the last one week and on December 21, 8.7 lakh ITR returns were filed. The ministry said that the extended last date for filing income tax returns for taxpayers is December 31. The Income Tax Department has also sent messages and emails to remind taxpayers of the last date. The department has extended the last date for submission of ITR from July 31 to December 31.
How to refund check
When refunds are being received, you should also know how to check it. You should know why even after filing ITR, refund has not been received till now. According to the rules, if you have filed the return, then the refund will also come. To know about the refund, you need to visit the Income Tax Income Tax e-filing website. Here you have to go to my account-my returns/forms section. Here you may get a written that your ITR has been processed but the Income Tax Department is still in the status of no refund.
You may see that the tax department is ready for refund, but the check or ECS credit is not reaching you. The reason for this could be that the address you have given is wrong or no one is taking check or ECS at that address. It is also possible that the address you have given is home locked. The account number given for ECS credit may be wrong. In such a situation, the refund is returned to the Income Tax Department. For this, you should confirm your information which has been given to the tax department.
