In the current financial year till August 2, the Income Tax Department has issued refunds of Rs 45,896 crore to the taxpayers. This is a great relief for the taxpayers in times of crisis.
The Income Tax Department has issued refunds worth Rs 45,896 crore to more than 21.32 lakh taxpayers from April 1, 2021 to August 2, 2021. Personal income tax refund of Rs 13,694 crore issued in 20,12,802 cases. And in 1,19,173 cases, corporate tax refunds amounting to Rs 32,203 crore have been issued.
In times of crisis, the process of refund refund is fast
, it is a matter of great relief for the taxpayers at the time of corona virus epidemic. It is to be known that the Income Tax Department had said that the process of refund refund has been expedited since the announcement of the Self-Reliant India Scheme by Finance Minister Nirmala Sitharaman.
CBDT issues refunds of over Rs. 45,896 crore to more than 21.32 lakh taxpayers between 1st April, 2021 to 02nd August, 2021. Income tax refunds of Rs. 13,694 crore have been issued in 20,12,802 cases & corporate tax refunds of Rs. 32,203 crore have been issued in 1,19,173 cases.
— Income Tax India (@IncomeTaxIndia) August 7, 2021
Taxpayers can visit the e-filing portal of the Income Tax Department or the website of NSDL to know the current status of their income tax refund. However, your account needs to be PAN linked for refund. The Income Tax Department had announced that from March 1, 2019, only e-refunds would be issued. It will be credited only in that bank account which is linked to PAN card and which has been pre-verified on the e-filing portal of the department.
New Income Tax Portal was started on 7th June It should be
known that the new Income Tax Portal www.incometax.gov.in was started with great enthusiasm on 7th June. The portal has been facing technical problems since its inception. Due to this, Finance Minister Nirmala Sitharaman had a meeting with Infosys officials on 22 June. Infosys has prepared this new website. Infosys Chief Executive Officer (CEO) and Managing Director Salil Parekh told reporters in the virtual press conference that, ‘We are working hard to make all the facilities available on the new portal. We are working very fast. A large number of ITRs have also been filed.