45 million processed out of 62.6 million revenue tax returns filed for FY2011, says CBDT

The Revenue Tax Division on Wednesday stated that out of the whole 6.26 crore ITRs filed for the monetary yr 2020-21, greater than 4.50 crore tax returns have been processed to date.

As well as, over 5.41 crore Revenue Tax Returns (ITRs) have been verified and 1.58 crore refunds amounting to Rs 31,857 crore have been issued for AY 2021-22 (2020-21 monetary).

In a tweet, the Revenue Tax Division additionally stated that refunds price over Rs 1.71 lakh crore have been issued to over 1.97 crore taxpayers to date on this monetary yr.

This consists of private revenue tax refund of Rs 63,234 crore and company tax refund of Rs 1.08 lakh crore.

The Central Board of Direct Taxes (CBDT) in a press release stated that as on February 15, 2022, over 29.8 lakh Main Tax Audit Experiences (TARs) have been filed on the e-filing portal of the Revenue Tax Division. Greater than 4.14 lakh main TARs/Kinds have been filed on Tuesday itself.

14 per cent of those statutory types have been filed on the final date i.e. prolonged due date of February 15, 2022 and 30 per cent of those statutory types have been filed within the final 5 days from February 11 to fifteen.

The IT division additionally requested taxpayers who haven’t but accepted the tax audit experiences submitted by their CAs to finish the submission course of.

“Out of 6.26 crore ITRs filed for the election yr 2021-22, greater than 5.41 crore Revenue Tax Returns (ITRs) have been verified. Out of the verified ITRs, greater than 4.50 crore ITRs have been processed and for the yr 2021-22 1.58 crore refunds have been made. have been issued,” the assertion added.

(Solely the title and picture of this report could have been reworked by Enterprise Commonplace employees; the remainder of the content material is generated routinely from a syndicated feed.)

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