Income Tax Refund: There is a delay in getting refund after filing ITR, so understand here where you must have made a mistake?

Income Tax Refund: After filing ITR, if your refund has not come yet, then by checking your form, you can know where the mistake has gone. In case your refund is pending due to incorrect details provided by you, you can request the department to reissue the same after providing correct bank details.

The Income Tax Department has fixed 31 July 2022 as the last date for filing income tax returns and Revenue Secretary Tarun Bajaj has also told that there is no idea to extend the deadline yet. In such a situation, it is necessary to file ITR by the stipulated time limit. Even after this, income tax payers can file income tax return. But for that they have to pay late fee. Out of this, a late fee of Rs 5,000 for high income group and Rs 1,000 for low income group has been fixed. In such a situation, after filing the income tax return, the question remains in the mind of the income tax payers that in how many days will the refund be issued after filing the ITR.

How to check status

  1. If your income tax refund was to come, then you can check its status online. The status can be checked through the Income Tax e-filing portal or through the website of NSDL.
  2. For this, first go to the new e-filing portal of the Income Tax Department. Login here.
  3. Then click on View Return/Forms. Now select Income Tax Returns and enter Assessment Year.
  4. Now the status of your refund will be known. Refund status information can also be found through the website of NSDL.

These mistakes can happen

  • Sometimes the refund is not received even after the release of money by the department. A major reason in the cases of income tax refund getting stuck can be a mistake in the details of the bank account .
  • If you have entered your account details incorrectly while filling the form, then because of this your income tax refund may get stuck.
  • In such a situation, you will have to correct the account details on the website of the Income Tax Department. After that you will again be eligible for this refund.
  • Once the department has done a preliminary assessment of your verified ITR, it is found that no refund is due to you.
  • This will be reflected in the notice under section 143(1) of the Income Tax Act that the tax department will send you regarding the Income Tax Act which the tax department will send to you after processing your return.
  • So, if the notice shows you refund due then it will be issued but if the notice shows zero refund then it means that your refund claim was not accepted as your calculation did not match with the department’s calculation.
  • The department has processed your refund, but you have not received it due to incorrect bank details. In case your refund is pending due to incorrect details provided by you, you can request the department to reissue the same after providing correct bank details.
  • Once you have filed and verified your ITR, regularly check the status of your return to see if you have claimed refund.
  • This helps you track your ITR processing and refund (if any). It also helps in ascertaining whether you have committed any mistake while filing the return.