क्या आपका आयकर रिफंड बकाया है ? | Imporant points for Claiming Income Tax Refund

Recently Central Govt. vide press release has announced immediate release of income tax refunds upto Rs. 5 lakh to provide relief against Covid-19 economic slowdown. However, there are certain queries which need to be answered that how a person will be entitled to avail refund benefit i.e. what are the basic conditions to be satisfied. Pre-validating bank account is a big requirement which most of the assessees have pending at their end. This video also guides as to how pre-validation of bank account should be ensured by assessee. Further this video also informs as to how you may find out the status of refund due to you.

It is interesting to note that section 244A of the Income Tax Act 1961 provides for payment of interest to the assessee along with refund which is also discussed in a summarised manner in this video.

In addition to above, this video also elaborates circular no. 09/2015 dated 09.06.2015 issued by the Central Board of Direct Taxes (CBDT) which prescribes the power cum process of claiming an income tax refund not claimed through a regular ITR.

I am hopeful viewers will find it worth watching. Their precious comments and queries are most welcome.

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