Of 62.6 mn revenue tax returns filed for FY21, 45 mn processed, says CBDT

The revenue tax division on Wednesday mentioned greater than 4.50 crore tax returns have been processed up to now, of the full 6.26 crore ITR filed for the monetary yr 2020-21.

Additional, greater than 5.41 crore revenue tax returns (ITRs) filed have been verified and 1.58 crore refunds amounting to Rs 31,857 crore for AY 2021-22 (2020-21 fiscal) have been issued.

In a tweet, the revenue tax division additionally mentioned refunds of over Rs 1.71 lakh crore have been issued to over 1.97 crore taxpayers up to now this fiscal.

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

In an announcement, the Central Board of Direct Taxes (CBDT) mentioned over 29.8 lakh main tax audit experiences (TARs) have been filed on the e-filing portal of the revenue tax division as on February 15, 2022. Over 4.14 lakh main TARs/ types have been filed on Tuesday itself.

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

The I-T division additionally requested taxpayers who’re but to simply accept the tax audit report submitted by their CA to finish the method of submission.

“Greater than 5.41 crore revenue tax returns (ITRs) filed have been verified out of 6.26 crore ITRs filed for AY 2021-22. Of the verified ITRs, greater than 4.50 crore ITRs have been processed and 1.58 crore refunds for AY 2021-22 have been issued,” the assertion added.

(Solely the headline and movie of this report might have been reworked by the Enterprise Commonplace employees; the remainder of the content material is auto-generated from a syndicated feed.)

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