Regarding refund

Sir we are accountants,We want to know that we have filed income tax return for the assessment year 20/21,but most of cases we have not in receipt of income tax refund,whereas the returns have been verified th e-verification and th cpc.From the available sources I found that if the assesee hasnot received the refund,then in cases assessee are eligible to file the revised return.Sir please guide us.Thanks.
Replies (3)
Quick Summary
Accountants are seeking guidance on why clients haven't received income tax refunds for AY 20/21, despite verified returns. The discussion suggests that if a refund hasn't arrived, filing a revised return may be an option. It's advised to check the 143(1) intimation notice; if a refund is assessed there, revision might not be necessary. Consulting a local CA or tax professional is recommended for personalised advice.

Yes in case if refund has not been received then you can revise the ITR

It depends on your return, what to do. Better you can consult some nearby CA for this..

Check intimation 143(1) in which is there refund amount assessed then no need to revised but if not then you need to check for betterment plz contact any nearby tax professionals as told by CA Rashmi Gandhi.

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