Income tax

Income tax return due date 2021 deadline RTI filing Online payment Refund status New portal website

New Delhi: Due date of the income tax return (RTI) is December 31, 2021. All taxpayers, who have not yet completed their tax returns for tax year (YY) 2021-2022 must file their returns early to avoid the last minute rush. When filing the ITR, taxpayers should be aware of the details provided by Income Tax Service.Also Read – RTI Filing Deadline Approaches: Keep These Documents Ready Before Filing Tax Returns | Complete list here

  • The Central Commission on Direct Taxes (CBDT) issued refunds of over Rs. 1,36,779 crore to over 1.27 crore to taxpayers from April 1, 2021 to December 13, 2021. Income tax refunds of Rs 46,438 crore were issued in 1,25 34,644 cases and corporate tax refunds of Rs 90,340 crore were issued in 2, 02,705 cases. This includes repayments of 90.95 lakh from AY 2021-22 amounting to Rs 18,848.60 crore, Income Tax India tweeted.
  • The Income Tax Service strongly urged all taxpayers to view their Form 26AS and Annual Information Return (AIS) through the e-filing portal. http: // Incometax.gov.in to verify the accuracy of TDS and tax payments and take advantage of the pre-populated ITRs.
  • It is important that taxpayers cross-check the data from the AIS statement with their bank book, certificate of interest, Form 16 and the statement of capital gains from brokerage houses in the event of the purchase and sale of shares or mutual fund.
  • No RTI for Elderly Specified: By the finance law 2021, a new section 194P was inserted in the income tax law, 1961 to provide that in the case of persons over 75 years of age having only pension income and interest income from the account (s) maintained with the bank they receive this pension in, they do not need to deposit and RTI, said Income Tax India.
  • Covid-19 relief measures: An income tax exemption of the amount received by a taxpayer for medical treatment from an employer or anyone for treatment of Covid-19 in the fiscal year and subsequent years has been announced, tweeted Income Tax India.
  • The sooner you deposit your RTI, the more relaxed you can be. “Tax return filed for AY 2021-22, electronically verified, returns processed and refund credited to the bank,” Income Tax India tweeted.
  • “Dear taxpayers! Here’s what you need to keep in mind before you file your return this weekend, ”Income Tax India tweeted.
  • ITR1 – Those who have salary and interest income, and income from real estate must produce RTI1.
  • ITR2 – Those with income from more than one property or from capital gains must file an RTI2.
  • “Completing your tax return has become easier than ever because we have pre-filled some of your information! Income Tax in India tweeted.
  • These documents are: form 16, bank statement, bank interest certificate, housing loan interest statement, if applicable, rent receipts and property tax if applicable, statement of broker’s capital gains, if applicable, 26AS and the annual information statement (AIS).

Taxpayers can contact the Income Tax Department’s hotlines at 1800 103 0025 and 1800 419 0025. Also Read – Income Tax Return: How to Link Aadhar Card to Your ITR

Also Read – Income Tax Return: Taxpayers Can Now File an ITR from Home Using New Electronic Tax Filing Portal | Step by step guide here


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