CBDT extends ITR processing time limit for refunds

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The Central Board of Direct Taxes on 10th July 2020 has extended the time limit for processing of Income Tax Returns ( ITRs ) filed with refund claims up to Assessment year 2017-18 till 31st October 2020.

In order to clear old-pending income tax refunds of taxpayers till the financial year 2016-17, the CBDT had issued an order last year allowing taxpayers to file claim for their pending refunds till and issuance of such refunds by tax authorities by December 31, 2019.

However the matter has been reconsidered by the Board in view of pending taxpayers’ grievances related to the issue of refund and to mitigate genuine hardship being faced by the taxpayers on this issue, the board has issued this relaxation.

The relaxation accorded above shall not be applicable to the following returns:

  • Returns selected in scrutiny;
  • returns remain unprocessed, where either demand is shown as payable in the return or is likely to arise after processing it;
  • returns remain unprocessed for any reason attributable to the assessee. 

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