Income Tax: Income tax refund is also issued to eligible people after filing the income tax return. Income tax refunds have been issued to many people. However, the income tax refund of some people is still pending. Let us know about it…
Income Tax Return: 35 lakh refund cases are stuck with the Income Tax Department due to irregularities in matching and verification of bank accounts of taxpayers. Giving information, Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta said that tax officials are contacting such taxpayers through a special call centre. The CBDT chief said that the department is in touch with such taxpayers and is trying to resolve these issues soon.
Income tax refund
“We want to quickly deposit the refunds in the correct bank accounts of the taxpayers,” he said. Gupta said the department had made a technological change in 2011 and switched from paper-based registers to computers and hence some of the old demands of the taxpayers. Are visible in the accounts of. He was asked about taxpayers receiving old demands related to the years around 2010-11, due to which their refunds are stuck. He said that all such cases are being resolved.
Income tax return
The CBDT chief said that 1.4 lakh such cases were resolved last year through the Mysuru-based call centre. Initially this call center was working for Karnataka and Goa, Mumbai, Delhi and North-West region, but now there are plans to expand it to other regions. CBDT is the administrative body of the Income Tax Department. Gupta said that apart from updating records at the department or assessment officer level, there is another reason for halting of refunds.
Verification
In some cases, refunds have been held up because taxpayers have not verified their bank accounts. In these cases, either the bank has merged or the taxpayer has changed the city. Regarding the new tax regime, he said that corporates have filed about 60 percent of their profits during the last financial year under the new tax regime and it is also expected that 60-70 percent of individual taxpayers will adopt this new tax regime.
