The earnings tax division has issued earnings tax refund price over ₹47,318 crore to greater than 22.61 lakh taxpayers. The Central Board of Direct taxes (CBDT) issued this I-T refund between 1st April 2021 to ninth August 2021.
“CBDT issues refunds of over Rs. 47,318 crore to more than 22.61 lakh taxpayers between 1st April, 2021 to 09th August, 2021. Income tax refunds of Rs. 14,241 crore have been issued in 21,38,375 cases & corporate tax refunds of Rs. 33,078 crore have been issued in 1,22,511 cases,” earnings tax division mentioned from its official twitter deal with.
CBDT points refunds of over Rs. 47,318 crore to greater than 22.61 lakh taxpayers between 1st April, 2021 to 09th August, 2021. Income tax refunds of Rs. 14,241 crore have been issued in 21,38,375 circumstances & company tax refunds of Rs. 33,078 crore have been issued in 1,22,511 circumstances.— Income Tax India (@IncomeTaxIndia) August 14, 2021
Earlier, PTI had reported that earnings tax division will refund the surplus rate of interest and late payment paid by taxpayers because of the error in division software program whereas submitting their ITR for FY2020-21. However, the earnings tax division knowledgeable that error in software program has been rectified and no such error will occur once more.
“Taxpayers have been advised to use the latest version of the ITR preparation software or file online. If, by any chance, someone has already submitted the ITR with such incorrect interest or late fee, the same will be correctly calculated while processing at CPC-ITR and the excess amount paid, if any, will be refunded in the normal course,” the earnings tax division mentioned.
The earnings tax division has prolonged the final date for ITR submitting until thirtieth September 2021 on consideration of difficulties reported by taxpayers and different stakeholders in digital submitting of sure earnings tax Forms.
On consideration of difficulties reported by taxpayers & different stakeholders in digital submitting of sure Forms beneath the IT Act,1961, CBDT has additional prolonged the due dates for digital submitting of such Forms vide Circular No.15/2021 dated 03.08.2021. pic.twitter.com/muJncamY5V— Income Tax India (@IncomeTaxIndia) August 3, 2021
Earlier, PTI had reported that earnings tax division will refund the surplus rate of interest and late payment paid by taxpayers because of the error in division software program whereas submitting their ITR for FY2020-21. However, the earnings tax division knowledgeable that error in software program has been rectified and no such error will occur once more.
“Taxpayers have been advised to use the latest version of the ITR preparation software or file online. If, by any chance, someone has already submitted the ITR with such incorrect interest or late fee, the same will be correctly calculated while processing at CPC-ITR and the excess amount paid, if any, will be refunded in the normal course,” the earnings tax division mentioned.
The earnings tax division has prolonged the final date for ITR submitting until thirtieth September 2021 on consideration of difficulties reported by taxpayers and different stakeholders in digital submitting of sure earnings tax Forms.
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The CBDT knowledgeable about this in a tweet and mentioned, “On consideration of difficulties reported by taxpayers & other stakeholders in electronic filing of certain Forms under the IT Act,1961, CBDT has further extended the due dates for electronic filing of such Forms vide Circular No.15/2021 dated 03.08.2021.”
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