Income Tax refunds alert! Important ITR message from CBDT – What I-T return filers should know
Income Tax refunds alert! Important ITR message from CBDT – What I-T return filers should know
Income Tax Refunds: In a major development, the income tax department has said that it has issued refunds of over Rs 1.48 lakh crore to more than 1.02 crore taxpayers till December 14.
Income Tax Refunds: In a major development, the income tax department has said that it has issued refunds of over Rs 1.48 lakh crore to more than 1.02 crore taxpayers till December 14. Of this, personal income tax refunds worth Rs 45,264 crore and corporate tax refunds of Rs 1.03 lakh crore have been issued.
“CBDT issues refunds of over Rs 1,48,274 crore to more than 1.02 crore taxpayers between April 1, 2020, to December 14, 2020. Income tax refunds of Rs 45,264 crore have been issued in 1,00,02,982 cases and corporate tax refunds of Rs 1,03,010 crore have been issued in 2,00,854 cases,” the department said in a tweet.
The CBDT is the administrative authority for the tax department.
Meanwhile, the Income Tax Department has detected black income of about Rs 700 crore after it raided a Tamil Nadu-based group that undertakes civil government contracts, the CBDT said on Thursday. The department also seized Rs 21 crore “unaccounted cash” during the searches.
The raids were carried out on December 14 at 15 premises in Erode and Chennai against the group which is a “leading civil contractor for government works, specialised in erecting sea wave breakers along the coastlines and is also diversified into bus transport, running marriage halls and food masala business”.
“It was found that the group indulges in inflation of purchases and other work contract expenses. Such inflated payments made to the suppliers and sub-contractors are received back in cash regularly,” the Central Board of Direct Taxes (CBDT) said in a statement. The unaccounted income thus generated comes to around Rs 700 crore, which is “ploughed back” into real estate investments and business expansion, it said. Out of this, the assessee has admitted to having undisclosed income of Rs 150 crore, so far, the Board claimed.
I have not received my IT refund yet. Regards, C. S. Devale
ReplyDeleteDid U pay over & above legal taxes?? If not don't expect any.
DeleteI have not received IT refunds filled on 24 Jul
ReplyDeleteIncome Tax Dept should conduct checks and raids to the residences of GM VP ED MD of SECL Korba DGMS NHAI CPWD TATA Projects where most of them own fleet of cars and luxurious buangalows and cash in different names like our MINISTERS. None are jailed and Commoners are harassed.
ReplyDeleteThis comment has been removed by the author.
DeleteI long suspected high CORRUPTION in NHAI with contractors using free roadside rock stones to build roads and trees uprooted with disappearance of wood without any trace and accountability. Perhaps money moving in to coffers of leaders, NHAI top bras and contractors.
DeleteI have not recived 2020/2021 Income Tax Refund
ReplyDeleteHow one could check status of income tax refund. Pl confirm.
ReplyDeleteMy refund not received till now
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ReplyDeleteI have not received IT Refund so far. Kindly guide me.
DeleteThough I have received intimation u/s 143(1), I have not received my refund for A.Y. 2020-21
ReplyDeleteDear Sir, I haven't received my IT refund yet. Warm regards Nirmal Singh Rooprai DOB 25-03-1954, PAN AAMPR9027N.
ReplyDeleteNot received my refund for 2020-21 yet.
ReplyDeleteNot received my refund
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ReplyDeleteI have no refunds till 23/12/2020
ReplyDeleteI have not received my income tax refund till today 24.12.2020.
ReplyDeleteI have not received my refund till now.
ReplyDelete23.12.20. DOB 02.01.1948
How I will know status of my returned files to department
ReplyDeleteOpen income-tax e-filing & go to your account & tick at evarifiation & follow
DeleteI have not received tex refund for July 2020 file
DeleteI have not received my refund till today, SABITA JENA
ReplyDeleteI have received my refund 2nd Week of Dec-2020 & Thanks for the prompt services to Income-Tax Department.
ReplyDeleteThough I received income tax refund on 04.12.2020 but did not yet receive intimation under section 143(1).
ReplyDeleteI have not received FY 2020-21 income tax refund to till date.
ReplyDeleteDOB 21/05/1980
I have not yet received my refund for ITR of Y.E 2019-20.
ReplyDeleteThis is fake
ReplyDeleteGreetings! i am expecting my IT refund,Kindly do the needful.
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ReplyDeleteI have not receives it refund till date. Awaiting the same since oct. 2020.
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ReplyDeleteI HAVE NOT RECEIVED ANY REFUND TILL DATE
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ReplyDeleteNot received
ReplyDeleteRefund amount not received from you.
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ReplyDeleteI have not received my income tax refund till date
ReplyDeleteI have not reciev refund
ReplyDeleteअभी तक आईटीआर रिफंड नहीं मिला! कृपया शीघ्र कार्रवाई करें! सरकारी आदेशानुसार एक सप्ताह के भीतर मिल जाना चाहिए था! पर इस देश में सरकारी कार्यालयों में बड़े कर्मठ और प्रतिभावान लोग मौजूद हैं ना!
ReplyDeleteअभी तक आईटीआर रिफंड नहीं मिला! कृपया शीघ्र कार्रवाई करें!
ReplyDelete