Claim Your Income Tax Refunds Now, Click to Know How?

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Recently, the Income Tax Department announced its refund policy to pay income tax refunds up to Rs 5 lakh for 14.6 lakh taxpayers in the country. The decision was made observing the situations present in the business sector which broke down in the COVID-19 lockdown.




   

These taxpayers are called off to their attention to apply for income tax refunds. As for these, some amount of their refunds were frozen due to outstanding unpaid amounts present from the previous year(s).

Income Tax Department tweeted this peak information “We have issued almost 14 lakh refunds & are in the process of issuing more refunds, but need your help in clearing what’s pending from your side,” they stated.



As for the notice, almost 1.4 lakh e-mails have been sent out to different ventures regarding reconciliation with their outstanding tax demand. These “Remainder” e-mails have been sent on with a 7-days time within which individuals are requested to respond for issuing their refund amount.

For those who want to see if they have an outstanding amount on their Income Tax can log in into your IT Department portal. Till last Central Board of Direct Taxes CBDT has already issued over 10.2 lakh refunds totaling to about Rs. 4,250 crore.




If you want to check your outstanding Income Tax demand, the following are the steps we have quoted for you to help you through with it.

Step 1: Log in to your ‘e-filing account’ using your PAN number as User ID and password. Click the below link for the site.

Income tax e-filling

Step 2: After logging in, click on the ‘e-file’ tab and select ‘Response to outstanding tax demand’. Soon after, you can see the details of your outstanding tax demand on the screen.

Step 3: You are required to respond to demand notice by clicking on the ‘submit’ option as per the options shown to you. Four options will be shown to you: 

 (1) Demand is correct 

 (2) Demand is partially incorrect

 (3) Disagree with demand

 (4) Demand is not correct but agrees for adjustment. 




Follow these above steps accordingly for your Income Tax demand and credit it into your bank account directly.

Also Read- Avoid these common mistakes while filling your income tax return

As per the Central Board of Direct Taxes (CBDT), taxpayers are advised to respond to these remainder mails quick to aid the department process and issue your refunds as the earliest.



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