Pending income tax refunds relating to AY 2021-22 would be processed by this date; check email for confirmation
income tax refund for FY 2020-21 (AY 2021-22). In an order dated March 1, 2024, the Central Board of Direct Taxes (CBDT) has said that these individuals can get their income tax refund by April 30, 2024.
Hence these individuals, who wish to check the status of their refund, should check their email inbox or keep a close watch for any intimation notice email from the income tax department. This intimation notice will have the details of the tax refund, if any, payable to them.
After an ITR is processed at the Centralised Processing Centre (CPC) within a specified period, the income-tax department would issue an intimation notice under section 143(1) of the Income-tax Act, 1961. If an individual has received an intimation notice for the same, it means that their filed ITR has been successfully processed. It is usually followed by the credit of refund amount, if any.
However, many taxpayers are waiting for the processing of their ITR for income related to FY 2020-21 (AY 2021-22). The delayed cases, which will now receive refund, are related to those taxpayers who filed the returns on time but did not receive the refund yet. «It has been brought to the notice that due to certain technical issues or for other reasons not attributable to the assesses concerned, several returns for assessment year (AY) 2021-22, which were otherwise filed validly, could not be processed under sub-section (1) of section 143 of the Act. Consequently, intimation regarding processing of such returns could not be sent within the timeframe
