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The revenue tax division has issued revenue tax refund value 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 points refunds of over Rs. 47,318 crore to greater than 22.61 lakh taxpayers between 1st April, 2021 to 09th August, 2021. Revenue tax refunds of Rs. 14,241 crore have been issued in 21,38,375 instances & company tax refunds of Rs. 33,078 crore have been issued in 1,22,511 instances,” revenue tax division stated from its official twitter deal with.
Earlier, PTI had reported that revenue tax division will refund the surplus rate of interest and late price paid by taxpayers as a result of error in division software program whereas submitting their ITR for FY2020-21. Nonetheless, the revenue tax division knowledgeable that error in software program has been rectified and no such error will occur once more.
“Taxpayers have been suggested to make use of the newest model of the ITR preparation software program or file on-line. If, by any likelihood, somebody has already submitted the ITR with such incorrect curiosity or late price, the identical might be appropriately calculated whereas processing at CPC-ITR and the surplus quantity paid, if any, might be refunded within the regular course,” the revenue tax division stated.
The revenue 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 revenue tax Types.
Earlier, PTI had reported that revenue tax division will refund the surplus rate of interest and late price paid by taxpayers as a result of error in division software program whereas submitting their ITR for FY2020-21. Nonetheless, the revenue tax division knowledgeable that error in software program has been rectified and no such error will occur once more.
“Taxpayers have been suggested to make use of the newest model of the ITR preparation software program or file on-line. If, by any likelihood, somebody has already submitted the ITR with such incorrect curiosity or late price, the identical might be appropriately calculated whereas processing at CPC-ITR and the surplus quantity paid, if any, might be refunded within the regular course,” the revenue tax division stated.
The revenue 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 revenue tax Types.
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The CBDT knowledgeable about this in a tweet and stated, “On consideration of difficulties reported by taxpayers & different stakeholders in digital submitting of sure Types beneath the IT Act,1961, CBDT has additional prolonged the due dates for digital submitting of such Types vide Round No.15/2021 dated 03.08.2021.”