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Income Tax query - Response to confirm/Revise claim of refund

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drjpatwa
Yesterday I received mail from income tax dept. titled as Response to confirm/Revise claim of refund (Attaching exact matter here). It is for FY 19-20. My refund amount was 32k around. My query is, Is it common practice from income tax dept. to send such mail for confirmation or any problem is there in my ITR (I know there are many problems toungueout)? Is it scrutiny or just a random system generated mail? Any chances of being caught by them in such cases? So what should I do? Just confirm it or revise ITR? Would appreciate any CA dimer or others who have knowledge about it can answer it. Whats-App-Image-2021-01-06-at-10-43-46-AM
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Generous Generous
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Got such email for last yr refund, just accepted it. No issue this yr.

Helpful Helpful
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insta wrote:

Got such email for last yr refund, just accepted it. No issue this yr.

Thanx..

Pro Analyst Pro Analyst
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Its common..i also got for 8k

Generous Generous
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drjpatwa wrote:

Thanx..

Thr was a thread and discussion last yr as few dimers got such email. I am unable to find that thread now. They send such emails mostly for ppl with more than 25k refunds.

Helpful Helpful
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insta wrote:

Thr was a thread and discussion last yr as few dimers got such email. I am unable to find that thread now. They send such emails mostly for ppl with more than 25k refunds.

I filled ITR on 6th October. Almost 3 months after that, they are sending such mail. While many others who filled after me, got refund as well. So I m little bit worried.

Generous Generous
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drjpatwa wrote:

I filled ITR on 6th October. Almost 3 months after that, they are sending such mail. While many others who filled after me, got refund as well. So I m little bit worried.

Itr filed july 2018, notice in jan 2019 and refund on april 2019.
Around that time many ppl got such email
https://www.caclubindia.com/forum/income-tax-re...

Deal Cadet Deal Cadet
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Its common for refund, got that for my refund aswell.

Deal Cadet Deal Cadet
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I too got the email yesterday and accepted it. Last year also got the same and got refund amount after one week of accepting it

Helpful Helpful
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Thanks all for replying pray

Deal Cadet Deal Cadet
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Cnuddimer wrote:

I too got the email yesterday and accepted it. Last year also got the same and got refund amount after one week of accepting it

Good to hear the statement – Refund amount will reach in a week

Super Stud Super Stud
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Btw @drjpatwa, How much additional money yo get along with the actual refund

Suppose
ITR Value = 1,00,000
Advance tax + TDS = 1,20,000

So, Ideal refund = 20,000
But people get = 20,000 + Y (extra amount is added to refund)

Can you tell me what was the refund calculated as per ITR and how much ITR assesment officer is refunding you?

Deal Cadet Deal Cadet
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InvestPotato wrote:

Btw @drjpatwa, How much additional money yo get along with the actual refund

Suppose
ITR Value = 1,00,000
Advance tax + TDS = 1,20,000

So, Ideal refund = 20,000
But people get = 20,000 + Y (extra amount is added to refund)

Can you tell me what was the refund calculated as per ITR and how much ITR assesment officer is refunding you?

interest @ 0.5% per month or part thereof from 1st april till date of refund.

section 244a

Generous Generous
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InvestPotato wrote:

Btw @drjpatwa, How much additional money yo get along with the actual refund

Suppose
ITR Value = 1,00,000
Advance tax + TDS = 1,20,000

So, Ideal refund = 20,000
But people get = 20,000 + Y (extra amount is added to refund)

Can you tell me what was the refund calculated as per ITR and how much ITR assesment officer is refunding you?

The extra amount is the interest on additional tax paid
And the interesting part is this interest is to be considered as income during next year itr.

Helpful Helpful
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InvestPotato wrote:

Btw @drjpatwa, How much additional money yo get along with the actual refund

Suppose
ITR Value = 1,00,000
Advance tax + TDS = 1,20,000

So, Ideal refund = 20,000
But people get = 20,000 + Y (extra amount is added to refund)

Can you tell me what was the refund calculated as per ITR and how much ITR assesment officer is refunding you?

I m not aware about exact %. I m more than happy if they just refund what I claimed without any scrutiny. Anything above that is bonus stuck_out_tongue_winking_eye grin

Super Stud Super Stud
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insta wrote:

The extra amount is the interest on additional tax paid
And the interesting part is this interest is to be considered as income during next year itr.

Do you know the interest %?

Super Stud Super Stud
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gargsahbbb wrote:

interest @ 0.5% per month or part thereof from 1st april till date of refund.

section 244a

Nice, Better than most FD stuck_out_tongue

Dimers will start paying lot of advance tax laughing

Deal Subedar Deal Subedar
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InvestPotato wrote:

Nice, Better than most FD stuck_out_tongue

Dimers will start paying lot of advance tax laughing

Yes I started doing this wink
6% interest rate is too much these days

Deal Subedar Deal Subedar
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InvestPotato wrote:

Btw @drjpatwa, How much additional money yo get along with the actual refund

Suppose
ITR Value = 1,00,000
Advance tax + TDS = 1,20,000

So, Ideal refund = 20,000
But people get = 20,000 + Y (extra amount is added to refund)

Can you tell me what was the refund calculated as per ITR and how much ITR assesment officer is refunding you?

The calculation is like this suppose you get 20k as refund and claim on ITR
Refund processed on 1st Dec
Interest calculated as – 6% p.a on 20k from April to Dec i.e 8 months

So Total Refund will be
20,000+800 = 20,800

800 is taxable next year

Deal Newbie Deal Newbie
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After how many days of confirmation you received your refund?

Deal Newbie Deal Newbie
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I also got the same mail. I had missed to claim HRA last year so tax got deducted from Employer. But while filing ITR, I tried to claim back extra tax which is around 40K.
Got the mail from IT Dept, so scared now , what to do? I also filed my return around August 2020 and got the email last week.

Helpful Helpful
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Thanks a lot all of u. I accepted it yesterday & got refund confirmation mail from them today itself.

For 32k refund after interest, it is showing some 34k refund.

Deal Newbie Deal Newbie
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I have also received same email today for AY 2022-23. But i am not able to see anything under the option 'Worklist'. It says "There is no item in worklist pending for action." They said to respond within 15 days of receipt of the mail. what to do, can anybody help?

Cool Cool
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lunakrishnan896 wrote:

I have also received same email today for AY 2022-23. But i am not able to see anything under the option 'Worklist'. It says "There is no item in worklist pending for action." They said to respond within 15 days of receipt of the mail. what to do, can anybody help?

+1
Deal Lieutenant Deal Lieutenant
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lunakrishnan896 wrote:

I have also received same email today for AY 2022-23. But i am not able to see anything under the option 'Worklist'. It says "There is no item in worklist pending for action." They said to respond within 15 days of receipt of the mail. what to do, can anybody help?

When did you file ITR ?!
Deal Cadet Deal Cadet
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lunakrishnan896 wrote:

I have also received same email today for AY 2022-23. But i am not able to see anything under the option 'Worklist'. It says "There is no item in worklist pending for action." They said to respond within 15 days of receipt of the mail. what to do, can anybody help?

+1
Deal Newbie Deal Newbie
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I have also received same email today for AY 2022-23. But i am not able to see anything under the option 'Worklist'. It says "There is no item in worklist pending for action." They said to respond within 15 days of receipt of the mail. what to do, can anybody help? ITR Was filed 20 days back 

Community Angel Community Angel
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lakhanbakale157 wrote:

I have also received same email today for AY 2022-23. But i am not able to see anything under the option 'Worklist'. It says "There is no item in worklist pending for action." They said to respond within 15 days of receipt of the mail. what to do, can anybody help? ITR Was filed 20 days back 

Check after 2 working days, it'll appear. No need to worry about this mail, it's generated from automated system

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