Your income tax refund for AY20-21 may be delayed. Here's why - News Summed Up

Your income tax refund for AY20-21 may be delayed. Here's why


If you have filed your income tax return (ITR) for the Assessment Year (AY) 2020-21 and haven’t received the refund so far, you are not alone. All income tax returns filed with the department are processed at the CPC or centralised processing center of the I-T department at Bengaluru as of now. "Even those clients who filed income tax returns in June-July this year are yet to receive refunds. This includes personal income tax refunds of Rs. “Generally, the refunds are automatic and are received within 3-4 months after filing the income tax returns in case there is no major deficiency in the return.


Source: Mint November 20, 2020 09:22 UTC



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