Income Tax Department’s big update for ITR filers, you also need to know – Wbseries Media

Income Tax Refund Status: Major update from Income Tax Department for ITR filersIf you have filed your income tax return for the financial year 2021-22 in the current financial year, you should stay updated with this news. The Income Tax Department has refunded Rs 1.14 lakh crore to 1.97 crore taxpayers from 1st April 2022 to 31st August 2022. Refunds include both personal income tax refunds and corporate tax refunds.

CBDT has provided this update

According to the Central Board of Direct Taxes (CBDT), 1.96 crore income tax payers were refunded Rs 61 thousand 252 crore in personal tax refund from April 1, 2022 to August 31, 2022. Also, in about 1.47 lakh cases, Rs 53,158 crore was returned to taxpayers as corporate tax refund. Follow this process to find out whether your income tax has been refunded or not-

Here’s how you can check your refund status online
You start by visiting the income tax portal
Log in here with your user ID and password.
Click on Refund/Demand Status in My Account.
Select Income Tax Return from the drop-down menu and click OK to submit.
Click on Acknowledgment Number.
Here an ITR details page will open. Here you will also get information about the refund date.

You can check the status here

The NSDL website allows taxpayers to check their ITR returns through their PAN number. Enter the PAN number here, then select the assessment year and click submit. Your ITR refund status will be displayed.

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5.83 crore people have filed ITR

For the financial year 2021-22, 5.83 crore people filed ITR. The number of people who filed ITR was a record 72.42 lakh on the last date of July 31. This time the government has not changed the last date of return.

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