ITR Processing


This query is : Resolved 

Quick Summary
If your Income Tax Return (ITR) was filed expecting a refund of Rs. 70,000, but the assessment order shows no refund payable, don't despair. Even if the assessment order doesn't explicitly state a reason, you can still pursue your refund. The recommended course of action is to file for a 'rectification' under Section 154 of the Income Tax Act, especially if the refund amount is correctly reflected in your Form 26AS.

09 February 2021 Individual catagory persons ITR is processed with No refund/Payable. While ITR was filled with Refund of Rs.70000. Assessment order is also received. Now what to do to get refund of ITR?

09 February 2021 Unless you tell why refund is not granted we can't provide solutions.

10 February 2021 Assessment order shows only Income , Tax on income Rs.0 ,TDS Rs.70000 & Refund payable Rs.0 . There is no remarks or querry written in it.

10 February 2021 Seek 'rectification' online is claim is correct and reflected in form 26AS.

10 February 2021 Yes file rectification under section 154 as replied by Mr Warrier Sir.


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