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income tax refunds

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ITR preparation software to be available without any cost offline and online with interactive questions for ITR filing support.(Getty Images)

Income tax returns: New e-filing portal to roll out in 3 days

By hindustantimes.com | Written by Deepali Sharma | Edited by Meenakshi Ray, Hindustan Times, New Delhi
PUBLISHED ON JUN 04, 2021 01:15 PM IST
  • The new e-filing portal 2.0 is reported to be mobile friendly and consists of a pre-filled ITR form for a simplified filing process.
Under the provisions of section 119 of the Income Tax (I-T) Act, 1961, the Central Board of Direct Taxes (CBDT) has eased compliances. (Representational Image)
Under the provisions of section 119 of the Income Tax (I-T) Act, 1961, the Central Board of Direct Taxes (CBDT) has eased compliances. (Representational Image)

Centre extends tax-related compliance dates in view of Covid-19. Check details

PUBLISHED ON MAY 01, 2021 02:11 PM IST
The government said that it has eased compliances to be made by the taxpayers and to mitigate the difficulties faced by various stakeholders in these difficult times marked by the coronavirus disease (Covid-19) pandemic.
To use the offline utility, taxpayers will need to download the pre-filled data from the income tax e-filing portal.
To use the offline utility, taxpayers will need to download the pre-filled data from the income tax e-filing portal.

Income tax department introduces offline utility for ITR 1 and 4

By hindustantimes.com | Edited by Ayshee Bhaduri, Hindustan Times, New Delhi
PUBLISHED ON APR 05, 2021 07:40 PM IST
  • This offline utility can be downloaded on all computers operating with Windows 7 or later versions. The department has also released a step-by-step guide to help out taxpayers with filing ITRs using the new technology.
“CBDT issues refunds of over Rs. 1,81,336 crore to more than 1.74 crore taxpayers between 1st April, 2020 to 25th January, 2021,” the department tweeted. (Representative Image)(Mint Photo)
“CBDT issues refunds of over Rs. 1,81,336 crore to more than 1.74 crore taxpayers between 1st April, 2020 to 25th January, 2021,” the department tweeted. (Representative Image)(Mint Photo)

Income Tax refunds worth 1.81 lakh cr issued so far in FY21

PTI |
PUBLISHED ON JAN 27, 2021 06:21 PM IST
Of this, personal income tax refunds of 62,231 crore have been issued to over 1.71 crore taxpayers and corporate tax refunds of 1.19 lakh crore have been issued in 2.12 lakh cases.
Refunds issued are received within 20-45 days from the date of completion of processing of ITR by the Centralized Processing Centre (CPC).(HT FILE PHOTO )
Refunds issued are received within 20-45 days from the date of completion of processing of ITR by the Centralized Processing Centre (CPC).(HT FILE PHOTO )

How to check income tax refund status online. Read here

By hindustantimes.com | Edited by Shankhyaneel Sarkar, Hindustan Times, New Delhi
PUBLISHED ON JAN 15, 2021 11:37 PM IST
  • Income tax refund (ITR) status can be checked on the National Securities Depository Limited (NSDL) website as well as on the income tax department’s e-filing site.
While the deadline for tax-saving investments is March 31 of every year, this year it was extended till June 30, 2020.
While the deadline for tax-saving investments is March 31 of every year, this year it was extended till June 30, 2020.

Invest in ELSS to save Income Tax

By HT Brand Studio
UPDATED ON JAN 13, 2021 01:37 PM IST
Financial experts say that it is better to plan tax-savings early and choose ELSS MF schemes and set his/her financial goals accordingly.
The income-tax department said that it had processed 21 million refunds for the current assessment year 2019-20 as on November 28, 2019, a 20% year-on-year jump(Getty Images/iStockphoto)
The income-tax department said that it had processed 21 million refunds for the current assessment year 2019-20 as on November 28, 2019, a 20% year-on-year jump(Getty Images/iStockphoto)

Loans worth Rs 5 lakh cr, rise in income tax refunds may push up spending

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON DEC 04, 2019 09:39 AM IST
The loans push is part of the government’s efforts to revive demand in a slowing economy. Data released on Friday showed that the economy expanded by 4.5% in the second quarter (ending September 30) of 2019-2020, the lowest rate of growth since March 2013.
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