Deadline Extension for Processing E-Filed Tax Returns: Refund Claims on Income Tax Returns

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..... 2024
Circular No. F. No. 225/132/2023/ITA-II - Dated: 1-12-2023 - Processing of returns of income validly filed electronically with refund claims under section 143(1) of the Income-tax Act, 1961 beyond the prescribed time limits in non-scrutiny cases Circular No. F. No. 225/132/2023/ITA-II - Dated: 16-10-2023 - Processing of returns with refund claims under section 143(1) of the Income-tax Act .....

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..... (AYs) 2018-19, 2019-20, and 2020-21. Key Points from the Orders * Background and Necessity: * Technical problems and other non-taxpayer related reasons have delayed the processing of income tax returns for AYs 2018-19 to 2020-21. * This delay has led to taxpayers not receiving their due refunds, prompting the CBDT to issue these orders. * Relaxation of Time Limits: * To address the .....

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..... se returns. * The progress of these cases will be monitored by higher tax authorities. * Exclusions: * The relaxation does not apply to scrutiny cases, returns with payable demands, and those unprocessed due to taxpayer's fault. * Communication and Compliance: * The orders mandate widespread dissemination for compliance and are also available in Hindi. Implications for Taxpayers .....

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..... ng of income tax returns is a significant step towards resolving taxpayer grievances related to refund delays. By extending deadlines and setting clear conditions and exclusions, the CBDT aims to ensure that taxpayers receive their due refunds promptly while maintaining the integrity of the tax administration process. Full Text: Circular No. F. No. 225/132/2023/ITA-II - Dated: 1-12-2023 - Proces .....

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