The brand new revenue tax e-filing portal has made paperless submitting of Earnings Tax Returns (ITR) and different tax associated providers simpler, simpler and extra environment friendly.
A taxpayer is at all times urged to file his IT return on the earliest. The earlier they file, the earlier they are going to have the ability to get their tax refund. The final date for submitting IT returns for the monetary 12 months 2020-21 is March 31, 2022.
If the taxpayers’ taxes have been paid in extra of their precise tax legal responsibility, they’re entitled to a refund. When a taxpayer seeks a refund on his tax return, the Earnings Tax Division processes it, and the taxpayer receives an intimation u/s 143(1) from the Centralized Processing Heart or CPC, confirming that the taxpayer has obtained a refund. entitled to the quantity.
Earnings tax refund is processed between 20 to 45 days after the ITR is processed. If a taxpayer has not obtained their refund, the very first thing they need to do is to verify the standing of the refund. There are two methods to do that – by the NSDL portal and the Earnings Tax e-filing web site.
Right here is how a taxpayer can verify the refund standing on the Earnings Tax e-filing portal:
Go to the e-filing portal with Consumer ID, Password, Date of Start/Date of Incorporation and Captcha.
Go to My Account and click on on Refund/Demand Standing.
There particulars like evaluation 12 months, standing, cause for refund failure (if any) and mode of cost shall be displayed.
Right here is how a taxpayer can verify the TIN refund standing on the NSDL web site:
Go to the Refund Standing web page on the NSDL web site.
Within the display that seems, enter your PAN, evaluation 12 months and the captcha that seems.
Click on Proceed.