ITR Submitting: Filed Revenue Tax Return On Time However Did Not Get Refund But? Know Why It is Taking place

It has been round 45 days because the due date of submitting earnings tax returns has gone purchase, and the earnings tax division has already began issuing refunds to eligible taxpayers. The earnings tax (I-T) division has mentioned earnings tax refunds of Rs 1.19 lakh crore have e been issued as much as September 8, 2022, that are 65.29 per cent  increased than refunds issued throughout the corresponding interval within the previous 12 months.

Nonetheless, there could also be individuals who haven’t obtained their earnings tax refunds but. This could possibly be occurring for a number of causes.

Why is My ITR Refund Delayed?

This may be resulting from many causes, however initially, it’s essential to verify in case your earnings tax refund has been processed by the division but. You may solely obtain the the refund solely after their ITR is processed and the tax division confirms the identical. You can be eligible for a refund solely of the earnings tax division confirms so.

Another excuse that you haven’t obtained your earnings tax refund could also be as a result of your checking account shouldn’t be pre-verified. You may verify if there’s an error in pre-validating your checking account by logging into the e-filing portal and checking in case your checking account is expounded to your PAN.

Apart from this, when you have an impressive demand pending from the earlier monetary 12 months, the refund will be delayed. The earnings tax division will alter your refund towards that demand on this state of affairs.

Additionally, if the quantity that’s to be obtained is lower than Rs 100, the earnings tax division doesn’t credit score it to your checking account. In such circumstances, the quantity is adjusted towards future earnings tax refunds.

Tips on how to Examine Revenue Tax Refund Standing

Step 1: Assessees can verify the earnings tax refund standing on-line by way of the earnings tax e-filing web site — They may want their PAN and Aadhaar particulars other than the registered cell quantity to obtain the OTPs.

Step 2: As soon as the taxpayer opens the portal, she or he should log in to the account utilizing PAN particulars, OTP and by coming into the Captcha.

Step 3: As soon as logged in, the taxpayer has to click on on the e-file possibility.

Step 4: From there, one must go to the earnings tax returns tab and click on on the View Filed Returns possibility

Step 5: The taxpayer can verify the standing of the newest filed ITR from there

Step 6: Click on on View Particulars choices from the place it is possible for you to to verify the standing of your earnings tax refund.

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