SEO Sai Gr. Hosp.
198438 Points
Joined July 2016
The original query is for AY 2020-21.
Recently the department said that till date, 93% of the claims in ITRs (Income Tax Returns) filed for assessment year (AY) 20-21 had already been processed. "In the past week, refunds of over Rs.15,269 crore have been issued which will be credited to taxpayers shortly,
Yes, even the refund for AY 2021-22 has started.
Quote:
The tax department said that it "has also commenced processing of ITRs 1 and 4 for AY 2021-22 and refunds, if any, will be issued directly to the bank account of the taxpayer." "For financial year 2021-22, the Income Tax Department has issued refunds of over Rs.51,531 crore upto August 23," This included income tax refund in 21,70,134 cases.