Wednesday, May 25, 2022

Income Tax: Confirmed! Important ITR refund status message update from I-T department

Revenue Tax ITR Refund Standing: In a serious growth, the Revenue Tax division has confirmed stated it has issued over Rs 1.76 lakh crore price refunds to over 1.65 crore taxpayers thus far this fiscal. Of this, private revenue tax refunds of Rs 58,631 crore have been issued in 1,62,39,742 circumstances and company tax refunds of Rs 1.17 lakh crore have been issued in 2.11 lakh circumstances.

“CBDT points refunds of over Rs 1,76,217 crore to greater than 1.65 crore taxpayers between 1st April 2020 to 18th January 2021,” the revenue tax division tweeted.

Earlier, on Jan 12, taking one other step in direction of e-governance and inspiring the participation of residents as stakeholders in curbing tax evasion, the Central Board of Direct Taxes (CBDT) had launched an automatic devoted e-portal on the e-filing web site of the division to obtain and course of complaints of tax evasion, overseas undisclosed belongings in addition to grievances relating to benami properties.

Folks can now file a tax evasion petition by way of a hyperlink on the e-filing web site of the division — — underneath the pinnacle “File grievance of tax evasion/undisclosed overseas asset/benami property”, CBDT stated in an announcement.

The brand new facility permits for submitting of complaints by individuals who’re current PAN and Aadhaar holders in addition to these having no PAN or Aadhaar. After an OTP-based validation course of (cellular and/or electronic mail), the complainant can file complaints with respect to violations of the Revenue Tax Act, 1961, Black Cash (Undisclosed Overseas Property and Revenue) Imposition of Tax Act, 1961 and Prevention of Benami Transactions Act (as amended) in three separate types designed for the aim.

Upon profitable submitting of the grievance, the division will allot a singular quantity to every grievance and the complainant would have the ability to view the standing of the grievance on the division’s web site.

This e-portal is one more initiative of the Revenue Tax Division to result in enhanced ease of interplay with the division, whereas strengthening its resolve in direction of e-governance, the assertion stated.




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