From the last year of evaluation, it is mandatory to pre-validate the bank accounts to obtain the electronic service credit (ECS) of your income tax refund in the account. In case you have not yet received the amount of last year’s income tax refund, please check if the bank account …
Read More »The government doubles the penalty for not meeting the ITR due date this year
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing the income tax return (ITR) for fiscal year 2019-20 until December 31, beyond the usual date of July 31, due to the ongoing coronavirus pandemic. According to the rules, people under the age of 60 who earn …
Read More »Your income tax refund for AY20-21 may be delayed. This is why
If you have filed your income tax return (ITR) for the 2020-21 appraisal year (AY) and have not received a refund so far, you are not alone. A technical update for faster ITR processing could be the reason for the delay. Many taxpayers, even those who filed their taxes in …
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