new Delhi. The Income Tax Department has issued a reminder (Income Tax Alert) to the taxpayers. According to this, the income tax payers whose cases are under investigation, they will have to complete this process by 31 March 2022. The tax department has asked the taxpayers to follow the time given in the notice issued.
Income Tax India tweeted that “This is a gentle reminder to taxpayers whose cases are under scrutiny to complete the process by 31.03.2022!”
The tax department tweeted, “Ensure timely compliance of all the information/details asked from you in the notice sent to you by the Income Tax Department. Failure to comply with the notice may result in a Best Judgment Assessment based on the information on record.”
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Refunds of more than Rs 1,83,579 crore issued so far
Income Tax India has also reported that the Central Board of Direct Taxes (CBTD) has issued refunds of more than Rs 1,83,579 crore to over 2.09 crore taxpayers.
According to the tax department, income tax refund of Rs 65,938 crore has been issued in 2,07,27,503 cases and corporate tax refund of Rs 1,17,641 crore has been issued in 2,30,566 cases. This includes refunds of Rs 1.70 crore for the assessment year 2021-22, which is Rs 34,202.31 crore.
Tags: income tax, income tax notice
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