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Income tax refund will be payable to you only after the tax department processes your ITR and confirms the same through intimation notice. Here is how you can check the status of tax refund If you have paid more tax than your actual tax liability for a financial year, then you are eligible to get […]

The tax department tweeted on 23 December that it has refunded over ₹1,50,863 crore to more than 11.8 million taxpayers between 1 April 2020 and 20 December 2020. Income tax refunds of ₹47,608 crore have been issued in 11,607,299 cases and corporate tax refunds of ₹1,03,255 crore have been issued in 201,796 cases. The tax […]

If you have filed your income tax return (ITR) for the Assessment Year (AY) 2020-21 and haven’t received the refund so far, you are not alone. A technical upgrade for faster processing of the ITRs could be the reason behind the delay. Many taxpayers, even those who filed their tax return in the month of […]