Quick Summary
The Central Board of Direct Taxes (CBDT) issued Order vide F. No.225/132/2023/ITA-II dated December 01, 2023, regarding the processing of income tax returns validly filed electronically with refund claims under section 143(1) of the Income-tax Act, 1961 (the IT Act) beyond the prescribed time limits in non-scrutiny cases. It has been brought to the notice of the Central Board of Direct Taxes (`Board) that due to certain technical issues or for other reasons not attributable to the assessees c
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FAQ :
The deadline for processing tax refund claims for assessment years 2018-19, 2019-20, and 2020-21 has been extended to January 31, 2024.
This extension covers assessment years 2018-19, 2019-20, and 2020-21.
The deadline has been extended to address genuine hardships faced by taxpayers whose validly filed returns with refund claims could not be processed within the original time limits due to technical issues or other reasons not attributable to them.
No, the extension is not applicable to returns selected for scrutiny, returns where a demand is payable or likely to arise, or returns unprocessed due to reasons attributable to the assessee.
Taxpayers whose returns fall under this extension will receive an intimation regarding the processing of their return by January 31, 2024, after which subsequent procedures for refund will follow.
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