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Anil

Anil Rego  | Answer  |Ask -

Financial Planner - Answered on Dec 17, 2020

Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more
Sandeep Question by Sandeep on Dec 17, 2020Hindi
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I have filed my income tax return for assessment year 2020-21 on 20/07/2020 but till now my ITR is not processed and intimation u/s 143 u/s is not sent. When I raised the grievance with e-Nivaran I got the reply like cpc 2 is rolling out and once it is rolled out your ITR will be processed. So I want to know what is the maximum time limit to process income tax ITR and what further steps I have to take for the processing of ITR. Waiting for your reply.

Ans: Income tax department has to process the ITR within the expiry of one year from the end of the financial year in which return was filed. Therefore, for your return filed for FY 2019-20 in July 2020, it must be processed by March 31, 2022.

Tax refunds, if any, are generally issued much earlier, in around 1-2 months' time, after the processing of ITR by the Central Processing Centre unless it comes up for scrutiny.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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