Waiting for your Income Tax Refund? Your wait might be over!

[pokerbob]

This ones for all those who want to know when they will receive their IT refund.

While the ITR filing due date has been extended, a lot of people filed their ITR for FY 2019-20 long ago and are still waiting for their refunds. We've got some good news for these early bees.

CPC has started processing Income Tax Returns now! A few people have started receiving an Intimation for processing of ITR. Sit back, ensure your ITR has been e-verified and wait for the refund to be processed!

Based on past trends, CPC takes 30-60 days to process an ITR and issue refund. This year has been slow (obviously), because of the Covid situation. A technical update (CPC 2.0) has further delayed matters. However, it looks like taxpayers will finally start receiving their refunds.

We can assume the following based on past years:

• ITRs filed earlier will probably be processed earlier - Those filed in June 2020 should be processed first.
• E-verified ITRs will probably be processed before ITRs verified through the old ITR V method.
• Nil returns will be processed in lesser time.
• ITR 1 & 4 will be processed before other ITRs. Other ITRs (especially ITR-3) may take more time to process.

Still haven't filed your ITR? What are you waiting for? The last date is 31 December 2020. Start moving quickly!

 

[pchevalier]

@pokerbob Great. Now i will only be waiting for EPF interest.

 

[floydojeda]

@pokerbob Just got my refund today

 

[cece149]

@floydojeda Can you tell me when did you file returns?

 

[michaeljacksonlover]

@cece149 I also received today..i filed around 40 days back

 

[heliumskylark]

@michaeljacksonlover So that means no first come first served system. I filed mine in June but still not processed.

 

[michaeljacksonlover]

@heliumskylark This is weird year anything can happen

 

[arqo]

@heliumskylark I remember filing in July, no progress so yea anything goes

 

[floydojeda]

@cece149 Filed it in August.

 

[cece149]

@pokerbob Thank you for the information. Filed around September and been seeing the generic 2.0 update msg on twitter from the IT handle with no timelines specified. This helps

 

[atsmith]

@pokerbob Why the fck they needed to go for a technical update when the processing had already been delayed a lot? Seems like the whole technical update was a made up story to delay the refunds.

 

[beready]

@pokerbob What about AY 20-21? I filed my ITR in September First week and it's still showing e-verifeid.

 

[pokerbob]

@beready This post pertains to AY 2020-21 only. AY 2020-21 is the same as FY 2019-20

 

[mathman141]

@beready AY 20-21 is same as FY219-20