Big update of Income Tax Department for ITR filers, it is also important for you to know

If you have also filed income tax return for the financial year 2021-22 in the current financial year, then it is important for you to stay updated with this news. From 1st April 2022 to 31st August 2022, a refund of Rs 1.14 lakh crore has been issued by the Income Tax Department to 1.97 crore taxpayers. This includes both personal income tax refund and corporate tax refund.

It was told by the Central Board of Direct Taxes (CBDT) that during April 1, 2022 to August 31, 2022, 1.96 crore income tax payers were refunded Rs 61 thousand 252 crore in the form of personal tax refund. At the same time, in about 1.47 lakh cases, Rs 53,158 crore was released to the taxpayers as corporate tax refund. To know whether your income tax refund has come or not, follow this process-

Check refund status online like this
First you go to the income tax portal

  • Login here using User ID and Password.
    Now go to My Account and click on Refund / Demand status.
  • Select Income Tax Return in the drop down menu and click OK on the submit option.
    Now click on the acknowledgment number.
    Here a new web page will open with ITR details. Here you will also get information about the issue date of the refund.

Check Status From Here Also
Taxpayers can also check their ITR refund through PAN number by visiting the website of NSDL. After entering the PAN number here, go to the assessment year and click on submit. You will get to know the status of ITR refund.

5.83 crore people have filed ITR
Let us tell you that for the financial year 2021-22, 5.83 crore people had filed ITR. The number of people who filed ITR on the last date i.e. 31st July was a record 72.42 lakhs. This time there was no change in the last date of return from the government side.

3 thoughts on “Big update of Income Tax Department for ITR filers, it is also important for you to know”

  1. Sir,
    In the Income Tax efiling portal,there is no menu/option as ” My Account”.Kindly clarify and advise me where I can find “My Account” option/Menu.

  2. There is a deadline for filing ITR….
    But no deadline for the CPC or AO to complete the processing…or give reasons to the Taxpayers why the delay in processing or REFUND..

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