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Of 62.6 mn income tax returns filed for FY21, 45 mn processed, says CBDT

More than 5.41 crore income tax returns (ITRs) filed have been verified and 1.58 crore refunds amounting to Rs 31,857 crore for AY 2021-22 (2020-21 fiscal) have been issued

Income tax | income tax returns | Central Board of Direct Taxes

Press Trust of India  |  New Delhi 

ITR filing

The department on Wednesday said more than 4.50 crore returns have been processed so far, of the total 6.26 crore ITR filed for the financial year 2020-21.

Further, more than 5.41 crore returns (ITRs) filed have been verified and 1.58 crore refunds amounting to Rs 31,857 crore for AY 2021-22 (2020-21 fiscal) have been issued.

In a tweet, the department also said refunds of over Rs 1.71 lakh crore have been issued to over 1.97 crore taxpayers so far this fiscal.

This includes personal income tax refunds of Rs 63,234 crore and corporate tax refunds of Rs 1.08 lakh crore.

In a statement, the (CBDT) said over 29.8 lakh major tax audit reports (TARs) have been filed on the e-filing portal of the income tax department as on February 15, 2022. Over 4.14 lakh major TARs/ forms have been filed on Tuesday itself.

On the last date i.e. the extended due date of February 15, 2022, 14 per cent of these statutory forms and in the last five days from February 11 to 15, 30 per cent of these statutory forms were filed.

The I-T department also asked taxpayers who are yet to accept the tax audit report submitted by their CA to complete the process of submission.

"More than 5.41 crore (ITRs) filed have been verified out of 6.26 crore ITRs filed for AY 2021-22. Of the verified ITRs, more than 4.50 crore ITRs have been processed and 1.58 crore refunds for AY 2021-22 have been issued," the statement added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, February 16 2022. 19:10 IST