new Delhi: Income Tax ( income tax ) Deportation ITR (income tax return) claims are dealt with quickly, in fact, the Finance Ministry has ordered a refund of up to 5 lakh rupees as soon as possible, due to which the Central Board of Direct Taxes (CBDT) for the financial year Claiming the claims quickly. In addition, the refund claims up to the Assesment year 2017-18, which have not yet been cleared, have to be settled by 31 October 2020. In the last financial year, CBDT issued 2.50 crore refunds worth a total of Rs 1.84 lakh crore.
If you have claimed for ITR but have not yet cleared, then you will have to check your status. Whether or not the ITR is processed, and you will find it on the income tax department website to check the status of the tax return. After visiting the site, click Dashboard> View return / forms. Select the income tax returns and submit it. Click on the acknowledgment number of the year to see the status of the return filed.
It is also to be noted here that this work was to be finished in 2019, but due to the non-disposal of them, now the Finance Ministry has given a new date for it. By the way, the government has increased the rest of the income tax deadlines due to which millions of people are currently in relief.
The Central Board of Direct Taxes (CBDT) has extended the period of investment to save taxes for the financial year 2019-20. Yes! Now taxpayers can invest in Tax Saving Schemes till 31 July. The date for filing tax returns for the financial year 2019-20 has been extended to 30 November 2020. In other words, the returns which had to be filed by 31 July and 31 October 2020 can now be filed by 30 November.