1.2 million ITR filers for FY 2023-24 have not got refund: How to fix issue

Quick Summary:

Reply awaited from taxpayers in respect of notices issued for defective return and other communications.

Proceedings for adjustment of refund under section 245(2) of the Income-tax Act, 1961 are pending.

Out of these verified returns, 36.8 million refunds have been accounted for, with refunds successfully credited to 35.6 million taxpayers.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Income tax refund status ITR refund rejection Tax Refund Income tax refund issues PAN Linking Tax Filing Income Tax ITR refund pending Itr Filing Income Tax Act ITR Refund Taxpayer Alert

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-10 @ 12:53:13 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 419 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26019459

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 310 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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