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As per the answer to Question no. 81 in the Rajya Sabha by FM Nirmala Sitharaman on 27.07.2021,Refunds are directly credited to the bank account of taxpayers making the end-to-end process from filing of ITR till receipt of refund seamless fully electronic. Read the official answer below: GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE RAJYA SABHA STARRED QUESTION NO: 81 ANSWERED ON- 27.07.2021 EASING OUT CORPORATE TAX FILING PROCESS *81. DR. AMEE YAJNIK: Will
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FAQ :
ITR refunds are directly credited to the bank account of the taxpayer.
The Finance Minister, Nirmala Sitharaman, confirmed this in an answer to a question in the Rajya Sabha.
It makes the end-to-end process from filing an ITR to receiving a refund seamless and fully electronic.
The government has stated that easing tax filing is an ongoing process, and various measures have been taken, but no specific new proposals are currently under consideration.
Measures include mandatory electronic filing with digital signatures, free ITR preparation software, online tax payments, pre-filled data, and rationalised tax forms.
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