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 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. 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.



Comments

  1. C. S. DevaleDecember 23, 2020 at 4:52 AM

    I have not received my IT refund yet. Regards, C. S. Devale

    ReplyDelete
    Replies
    1. mgorigantiDecember 24, 2020 at 8:27 AM

      Did U pay over & above legal taxes?? If not don't expect any.

      Delete
  2. UnknownDecember 23, 2020 at 5:03 AM

    I have not received IT refunds filled on 24 Jul

    ReplyDelete
  3. UnknownDecember 23, 2020 at 5:05 AM

    Income 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.

    ReplyDelete
    Replies
    1. Darshan Dyal Sharma 9310088565December 24, 2020 at 9:15 AM

      This comment has been removed by the author.

      Delete
    2. Darshan Dyal Sharma 9310088565December 24, 2020 at 9:22 AM

      I 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.

      Delete
  4. UnknownDecember 23, 2020 at 6:27 AM

    I have not recived 2020/2021 Income Tax Refund

    ReplyDelete
  5. UnknownDecember 23, 2020 at 6:38 AM

    How one could check status of income tax refund. Pl confirm.

    ReplyDelete
  6. UnknownDecember 23, 2020 at 7:09 AM

    My refund not received till now

    ReplyDelete
  7. UnknownDecember 23, 2020 at 7:25 AM

    My IT refund not received till date. Please guide.

    ReplyDelete
    Replies
    1. VIZAGHOTPROPERTYDecember 25, 2020 at 5:26 PM

      I have not received IT Refund so far. Kindly guide me.

      Delete
  8. UnknownDecember 23, 2020 at 9:46 AM

    Though I have received intimation u/s 143(1), I have not received my refund for A.Y. 2020-21

    ReplyDelete
  9. Nirmal RoopraiDecember 23, 2020 at 9:52 AM

    Dear Sir, I haven't received my IT refund yet. Warm regards Nirmal Singh Rooprai DOB 25-03-1954, PAN AAMPR9027N.

    ReplyDelete
  10. UnknownDecember 23, 2020 at 10:53 AM

    Not received my refund for 2020-21 yet.

    ReplyDelete
  11. UnknownDecember 23, 2020 at 12:07 PM

    Not received my refund

    ReplyDelete
  12. UnknownDecember 23, 2020 at 5:01 PM

    I have not yet received till now

    ReplyDelete
  13. UnknownDecember 23, 2020 at 5:19 PM

    My refund not recd to till

    ReplyDelete
  14. UnknownDecember 23, 2020 at 5:35 PM

    I have no refunds till 23/12/2020

    ReplyDelete
  15. UnknownDecember 23, 2020 at 5:44 PM

    I have not received my income tax refund till today 24.12.2020.

    ReplyDelete
  16. UnknownDecember 23, 2020 at 7:06 PM

    I have not received my refund till now.
    23.12.20. DOB 02.01.1948

    ReplyDelete
  17. Dinkar Rai JoshiDecember 23, 2020 at 7:25 PM

    How I will know status of my returned files to department

    ReplyDelete
    Replies
    1. vamanDecember 23, 2020 at 8:05 PM

      Open income-tax e-filing & go to your account & tick at evarifiation & follow

      Delete
    2. UnknownDecember 23, 2020 at 10:32 PM

      I have not received tex refund for July 2020 file

      Delete
  18. UnknownDecember 23, 2020 at 9:47 PM

    I have not received my refund till today, SABITA JENA

    ReplyDelete
  19. UnknownDecember 23, 2020 at 10:53 PM

    I have received my refund 2nd Week of Dec-2020 & Thanks for the prompt services to Income-Tax Department.

    ReplyDelete
  20. UnknownDecember 23, 2020 at 11:04 PM

    Though I received income tax refund on 04.12.2020 but did not yet receive intimation under section 143(1).

    ReplyDelete
  21. UnknownDecember 23, 2020 at 11:09 PM

    I have not received FY 2020-21 income tax refund to till date.
    DOB 21/05/1980

    ReplyDelete
  22. UnknownDecember 23, 2020 at 11:56 PM

    I have not yet received my refund for ITR of Y.E 2019-20.

    ReplyDelete
  23. UnknownDecember 24, 2020 at 12:28 AM

    This is fake

    ReplyDelete
  24. Sasi KumarDecember 24, 2020 at 1:01 AM

    Greetings! i am expecting my IT refund,Kindly do the needful.

    ReplyDelete
  25. UnknownDecember 24, 2020 at 1:51 AM

    I am expecting my refund please do the needful

    ReplyDelete
  26. k.s.adhikariDecember 24, 2020 at 3:18 AM

    I have not receives it refund till date. Awaiting the same since oct. 2020.

    ReplyDelete
  27. UnknownDecember 24, 2020 at 3:50 AM

    I have not received my refund

    ReplyDelete
  28. UnknownDecember 24, 2020 at 5:32 AM

    I HAVE NOT RECEIVED ANY REFUND TILL DATE

    ReplyDelete
  29. Urmilaben Dineshbhai isDecember 24, 2020 at 8:56 PM

    I HAVE NOT RECEIVED RETURN

    ReplyDelete
  30. DharmendraDecember 25, 2020 at 7:41 AM

    Not received

    ReplyDelete
  31. VIZAGHOTPROPERTYDecember 25, 2020 at 5:27 PM

    Refund amount not received from you.

    ReplyDelete
  32. Rangaswamy MDecember 25, 2020 at 5:53 PM

    Still my TDS payment is pending clarify this

    ReplyDelete
  33. virendraDecember 25, 2020 at 7:43 PM

    I have not received my income tax refund till date

    ReplyDelete
  34. UnknownDecember 27, 2020 at 4:54 AM

    I have not reciev refund

    ReplyDelete
  35. UnknownDecember 27, 2020 at 7:35 AM

    अभी 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!

    ReplyDelete
  36. UnknownDecember 28, 2020 at 8:18 AM

    अभी तक आईटीआर रिफंड नहीं मिला! कृपया शीघ्र कार्रवाई करें!

    ReplyDelete

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