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)

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