The Income Tax Department has paid the refund amount under the current financial year. It is from 1 April to 3 May. The department has refunded Rs 15,438 crore.
Income tax refund
The Income Tax Department has sent 11.73 lakh taxpayers to their account as refund amount of Rs 15,438 crore under the current financial year 2021-22. Out of which Rs 5,547 crore has been released to 11,51,408 tax payers as personal refund and in 21,487 cases, Rs 10,392 crore has been released in corporate tax refund.
The department has also tweeted in this regard. It reads, “The Central Board of Direct Taxes has issued an income tax refund of Rs 15,438 crore to more than 11.73 lakh taxpayers during April 1 to May 3.” This amount has been sent to the taxpayers account. You can check the status to find out whether the money has come to your account or not.
Status check process
1. To check the status of refund amount sent by the Income Tax Department, one has to go to the department’s e-filing website. Log in here
2. To login, PAN number, e-filing password and captcha will have to be filled. After doing this, the profile will open. Here you click on the option of View Returns and Forms ‘View returns / forms’.
3. Now click on Income Tax Return ‘Income Tax Returns’ in the menu and click on the hyperlink assessment number. This will open a new window.
4. Here you will get information about the timeline of filing, processing tax return. Only then you can know about the payment refund.
Money will not come if ITR is not verified
If your ITR has not been verified in the profile, then send the request to verify again with the help of your Aadhaar or send the signed ITR-V form from the speed post to the Income Tax CPC office. Till this process is not completed, refund amount will not come in your account. Taxpayers can request to speed up ITR processing from the department by filing a complaint petition to the CPC or Assessing Officer.
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