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Income taxpayers who have e-filed Income Tax Returns (ITR) for the assessment year of 2020-21, must verify them to avoid becoming a non-filer.
If one does not verify the ITR, higher rates of Tax Deducted at Source (TDS) will be applied.
The extended date for verification or e-verification of ITR is February 28, 2022.
“Please verify your ITR filed for AY 2020-21 today, if you haven’t verified it as yet!” Income Tax India tweeted.
LAST CHANCE FOR ITR VERIFICATION
If you have not verified your ITR, the Central Board of Direct Taxes (CBDT) is giving you a last opportunity to finish your ITR compliance, the Income Tax department said.
“Have you verified your ITR after filing? Don’t miss out on the last opportunity to verify your ITR for AY 2020-21,” Income Tax India tweeted.
INCOME TAX RETURN (ITR) REFUND STATUS
Meanwhile, CBDT issued refunds of over Rs 1,82,995 crore to more than 2.07 crore taxpayers from April 1, 2021 to February 21, 2022. Income tax refunds of Rs 65,498 crore have been issued in 2,04,44,820 cases and corporate tax refunds of Rs 1,17,498 crore have been issued in 2,30,112 cases, Income Tax India tweeted.
This includes 1.67 crore refunds for AY 2021-22 amounting to Rs. 33,818.97 crore, the tax department said.
