Income Tax Return Latest News: The income tax department has asserted that it has issued refunds of over Rs 1.48 lakh crore to more than 1.02 crore taxpayers till December 14. Of this, personal income tax refunds worth Rs 45,264 crore and corporate tax refunds of Rs 1.03 lakh crore have been issued. 

In a tweet, the I-T department said, “Central Board of Direct Taxes (CBDT) issues refunds of over Rs 1,48,274 crore to more than 1.02 crore taxpayers between April 1, 2020, to December 14, 2020. Income tax refunds of Rs 45,264 crore have been issued in 1,00,02,982 cases and corporate tax refunds of Rs 1,03,010 crore have been issued in 2,00,854 cases,” the department said in a tweet. 

Earlier, in the wake of the coronavirus pandemic, the CBDT, an administrative authority for the tax department had extended the last date for filing ITR for FY 2019-20 to December 31. Normally, the taxpayers are supposed to file ITR by July 31. 

Preparation to file ITR

ITR filing: List of essential documents to finalise tax returnITR filing: List of essential documents to finalize tax return

An individual is not required to submit any documents while filing an income tax return. However, there are several documents that are required to finalize tax returns. Here is a list of such documents.

You must check these 5 things in your Form 26AS
9 key changes in ITR-1 and ITR-2 for FY 2019-20

Fill and File ITR

ITR filing mistakes often made by taxpayersITR filing mistakes often made by taxpayers

Many taxpayers make errors in their income tax returns. Find out how you can file an error-free tax return.

Do you need professional help to file ITR?

After ITR filing

How to respond to income tax notice onlineHow to respond to income tax notice online

While processing your ITR, if the assessing officer finds that you have paid less tax than what he has calculated, you will be served with an outstanding tax demand notice.

Not got your income tax refund yet? Here’s how you can raise a re-issue request
ITR not processed by the tax department? Here’s what you can do
Mean-while, India has recorded 26,382 fresh coronavirus cases in the past 24 hours, taking the country’s total number of cases to 99,32,548.Among the 99.3 lakh coronavirus cases, India now has a total of 3,32,002 active Covid-19 cases while 94,56,449 have been discharged so far. In the past 24 hours, the country also recorded 33,813 new discharges.

With 387 new Covid-19 deaths in 24 hours, India’s death toll has gone up to 1,44,096.

The Covid-19 active caseload remained below four lakh for the 10th consecutive day. There are 3,32,002 active coronavirus infections in the country which constitute 3.34% of the total caseload.

India’s Covid-19 tally had crossed the 20-lakh mark on August 7, 30 lakh on August 23, and 40 lakh on September 5. It went past 50 lakh on September 16, 60 lakh on September 28, 70 lakh on October 11, 80 lakh on October 29, and 90 lakh on November 20.

According to the Indian Council of Medical Research (ICMR), 15,66,46,280 samples have been tested up to December 15, of which 10,85,625 were conducted on Tuesday.