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.