Tuesday, 1 December 2020

When will CPC start to process Income Tax Returns for FY 19-20 / AY 20-21 and give Refund ? - Here is the answer

Good news! CPC has started to process Income Tax Returns from 23rd November, 2020. Hope some taxpayers have already got Intimation from Income Tax Department u/s 143(1) at their registered email id. So, if you filed and verified your ITR successfully, your ITR will be processed soon.


 

Generally CPC takes 30-60 days to process ITR and issue Refund (if any). But the situation is different in this year due to COVID-19. Also a technical upgrade (CPC 2.0) for faster processing of ITRs could be the reason behind the delay of processing ITRs. 



According to observation, it can be said that :

  • ITR filed in June, 2020 will be processed first and then ITRs filed in subsequent months will be processed.
  • Electronically verified ITRs will be processed in lesser time and physically verified (via post) ITRs will take more time to process.
  • Nil returns will be processed in lesser time.
  • ITR 1 & 4 will be processed in lesser time and other ITRs (especially ITR-3) will take more time to process.

 


Also the format of the Intimation letter u/s 143(1) has been changed a little bit (Intimation letter is starting with Hindi version and followed by English version)

11 comments:

  1. Thanks for this informative post. CEEcrets - the best Secret Anonymous Social Media for sharing secrets anonymously without revealing your identity.

    ReplyDelete
  2. The ITR-3 download process begins with a visit to the Government's Income Tax Department website;Income Tax Department site. Commute Vakilsearch site to file a itr 3 form

    ReplyDelete
  3. Amazing post.Thanks for your details and explanations..I want more information from your side.Thank you
    Tax Return Services in London

    ReplyDelete
  4. We Give out personal loans for debt consolidation, bad credit loans, unsecured loans, loans for bad credit and instant secured loans with cheap rates Do you have a firm or company that need loan to startup a business or need, personal loan, Debt consolidation? For more information. We will provide you with loan to meet your needs. For more information contact Note: And many More:and many more at 2% interest rate; (Whats App) number: +919394133968 patialalegitimate515@gmail.com Mr Jeffery

    ReplyDelete
  5. This is some really good information about tax services. Thanks for sharing your ideas with us. These are great tips to consider! keep posting and sharing more information. Good luck.

    ReplyDelete
  6. This comment has been removed by the author.

    ReplyDelete
  7. I really appreciate this blog on ITR .It is really helpful .Check What is ITR-3 form, who can file ITR-3, and how to file ITR-3 online. click here to know everything related to ITR-3 Form filing at CA Divya.

    ReplyDelete