Non recived of refund

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sir i am an accountant . sir I have file some of returns which cleam the refund for the asstt yr 2020-21 returns are filed within the stipulated period for the asstt yr 2020-21 but no refund has been issue till date but I do in this respect
thanks
Replies (7)

Need not do anything. Just wait for some more time. The remaining files for AY 2020-21 are now getting processed, so you may receive refund in very near future.

Has the department stared refund for AY 21-22.

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.

Anybody has received Intimation u/s 143(1) where there was no refund for AY 2021-22?

Yes, few of our clients have received refund with intimation. Though the refund amounts were meager.

This assessment year returns are likely to be processed long way upto March 2022 or beyond. And High amount refund cases are likely to be delayed.

What is the high amount for an individual assessee...


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