CBDT Further Extends Deadline for Processing ITRs with Refund Claims for AYs upto 2020-21 till April 30, 2024
- Blog|News|Income Tax|
- < 1 minute
- By Taxmann
- |
- Last Updated on 3 February, 2024
Latest from Taxmann
F. NO. 225/132/2023/ITA-II dated 31-01-2024
The Central Board of Direct Taxes (CBDT) has noted technical issues or other non-attributable reasons causing the non-processing of validly filed income tax returns for AYs up to 2020-21. As a result, taxpayers are experiencing delays in receiving legitimate refunds despite the delay not being their fault.
The Board has addressed taxpayer concerns by periodically issuing instructions under Section 119 of the Act, extending the statutory processing time limit for validly filed returns with refund claims in non-scrutiny cases. The CBDT vide its order under section 119, dated 16.10.2023 and 01.12.2023, directed that all validly filed returns up to Assessment Year 2020-21 bearing refund claims, which could be processed by 31-01-2024.
The matter has been re-considered by Board in view of pending taxpayer grievances related to the issue of refund. To mitigate the genuine hardship the taxpayers face on this issue, the CBDT has decided to extend the time further till 30.04.2024 with respect to returns of income validly filed electronically up to AY 2020-21.
Click Here To Read The Full Updates
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
