The deadline for submitting ITRs passed about 45 days prior, and the income tax organization has previously started giving qualified individuals their refunds. As per the income tax(I-T) office, as till September 8, 2022, income tax refunds adding up to Rs. 1.19 lakh crore have been given, which is 65.29 percent more than refunds gave during a similar period in the earlier year.
Purposes for the postponement of ITR refund
There may be a few people, however, who haven’t yet gotten their income tax refunds. There are various likely reasons for this. This could be brought about by various elements, however you ought to initially decide if the division has endorsed your income tax refund.
When their ITR has been handled and the assessment office has checked it, you can gather the refund. Provided that the income tax office concurs that you are qualified for a refund.
Your bank account not being pre-checked could be one more component for why you haven’t gotten your ITR. By associating into the e-filing portal and affirming that your financial balance is associated with your PAN, you can check whether there was a mix-up in the pre-approval of your bank account.
Furthermore, the refund might be delayed in case you actually owe cash from a past monetary year. For this situation, the income tax office will change your refund as per that necessity.
Also, the income tax authority doesn’t credit the installment to your account if it is not as much as Rs 100. In certain circumstances, the aggregate is adjusted by impending ITRs.
Step 1: Through the income tax e-filing site, incometaxindiaefiling.gov.in, citizens can check the status with their income tax refunds online. Notwithstanding the enrolled mobile number, they would likewise require their PAN and Aadhaar data to get OTPs.
Step 2: The citizen should sign into the account after opening the www.incometax.gov.in site and entering the captcha code, OTP, and PAN data.
Step 3: The citizen should choose the “e-file” choice after signing in.
Step 4: Next, select the income tax returns tab and afterward select the choice to see filed returns.
Step 5: From that point, the citizen can check about the status with the latest ITR that was submitted.
Stage 6: From the View Subtleties menu, click on the choice to see the status with your income tax refunds.
