ITR REFUND PROCESSING ! कमाल पे कमाल हो रहा ! INCOME TAX REFUND NOT RECEIVED?

Описание: ITR REFUND PROCESSING ! कमाल पे कमाल हो रहा ! INCOME TAX REFUND NOT RECEIVED?

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Summary
The video, from CA Satbir Singh, provides an update on the fast-paced processing of Income Tax Returns (ITR) and the disbursement of refunds by the Income Tax Department, noting that new records are being set [00:00].

Key points discussed:

Case Studies on Refund with Interest: The video shares specific examples of taxpayers receiving their refunds, including one case where a taxpayer received over ₹49,000 after filing a revised return [00:25]. The interest on the delayed refund is calculated at 0.5% per month from April 1st of the relevant year, confirming that the government is correctly paying interest for processing delays [01:00].

Rapid Processing: Another instance is shown where a "no demand, no refund" return was filed and processed on the same day (December 6th) [01:52]. A refund for an ITR-3 (Tax Audit return) filed on October 29th was also processed, including interest [02:03].

Processing Statistics (as of Dec 6th):

The department processed over 5.82 lakh returns on December 6th alone [03:04].

Over 22 lakh returns were processed in the previous six days (Dec 1-6) [03:12].

The number of pending returns has dropped below 1 crore to approximately 96 lakh [03:19].

Overall, over 7.23 crore returns have been processed, accounting for 87% of the total [03:34].

Around 12% of returns are still pending for processing [03:46].

Filing Deadlines: Viewers are reminded that the deadline for filing Tax Audit returns is December 10th, and the deadline for Belated or Revised returns is December 31st [03:57].

Advice: The video emphasizes the need to get your ITR verified/audited to ensure correct filing and to avoid future notices from the department [04:45].


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