Tuesday, September 21, 2021

How to check income tax refund status?

When your tax quantity paid is over and above the precise quantity of tax payable, you’re eligible for an revenue tax refund. Refunds are normally issued inside 20-45 days after processing of ITR. When you file your ITR and declare a tax refund, you possibly can test the standing of your refund on-line.

Over 31 lakh ITRs have been filed until midnight of 10 January. Of those, almost 2 lakh ITRs have been filed within the final hour. As many as 17,97,625 ITRs have been filed until 6 pm (10 January 2021) and a pair of,39,013 returns have been filed between 5-6 pm, the tax division had tweeted.

The Central Authorities had prolonged the ITR submitting deadline for people until 10 January, and for firms until 15 February.

What’s Earnings Tax Refund?

An revenue tax refund is a system the place the tax division will return the surplus quantity of tax you will have paid for the monetary yr. This extra quantity of tax paid will be reclaimed below Part 237 of the Earnings Tax Act, 1961.

Here is the right way to test ITR standing on NSDL web site:

-Go to the NSDL web site to trace refund.

– Fill in your particulars like PAN, Aadhaar and evaluation yr (AY).

-After submitting the small print, click on on ‘Proceed’.

-Your revenue tax refund standing shall be displayed in your laptop display screen.

Here is the right way to test ITR standing on the e-filing portal:

-Log in to the e-filing portal of the revenue tax division.

-Now choose at view returns or types,

-Go to ‘My Account’ tab and choose ‘Earnings Tax Returns’ and click on on submit.

-Now you would wish to click on on the acknowledgement quantity.

-Your revenue tax refund standing shall be displayed in your laptop display screen.

If the refund has already been processed by the division, you’re going to get a message.

Subscribe to Mint Newsletters

* Enter a sound electronic mail

* Thanks for subscribing to our publication.

Latest news

Related news

LEAVE A REPLY

Please enter your comment!
Please enter your name here