Income Tax Refund: It is necessary for everyone that after filing income tax return, e-verification will have to be done. If you have not done e-verification, then you will not be given refund from the Income Tax Department. The last date for filing income tax return was 31 July 2023. Those who have not filed the return till the last date will have to pay a fine of Rs 5000.
Many people who file Income Tax Return have started getting refunds. But still some people have not got the refund. For some of these people, the chances of getting Income Tax Refund are also very less. Because the government can shock many taxpayers. You have also filed the return and are using the refund, so that one mistake of yours may not cost you dearly. You should know about this matter. Because they have to do one important thing after filing income tax return.
E-verification is necessary
It is necessary for everyone that after filing the income tax return, e-verification has to be done. If you have not done e-verification, then you will not be given refund from the Income Tax Department. The last date for filing income tax return was 31 July 2023. Those who have not filed the return till the last date will have to pay a fine of Rs 5000.
Has the government stopped the refund somewhere?
If your refund is not received even after filing ITR, then do check whether you have done e-verification after filing ITR or not. Because the government may have stopped your refund due to this one mistake. Because the government has announced that until the income tax payers do not get the verification done, their refund process will not be completed.
How many days do you get time
Earlier, 120 days time was given to the tax payers to get e-verification done. But now this time has been reduced. From August 1, 2022, the time for e-verification has been reduced to 30 days after filing ITR. Due to lack of e-verification, the ITR of the taxpayers will also not be processed further.
This is how you can easily do e-verification
- E-verification can be done in many ways. Like OTP will be sent to the mobile number linked with Aadhaar card. Through which e-verification can be done.
- E-verification can also be done through your demat account.
- E-verification can also be done through pre-validated bank account.
