Your Income Tax Refund will be delayed sometimes. This happens for several common reasons. The very act of finding the correct reason will allow you to fix the problem quicker. On the internet, you can always check your refund status with ease. This guide lays out the steps of the process.
You could have probably forgotten to electronically verify your tax return. Without this, no processing can take place. If your bank account has been set up with incorrect details, a failure will be the consequence. The linking of your PAN to Aadhaar should be proper and correct. If there is a mismatch of data in your ITR, problems will arise. Extremely large sums of money are thoroughly investigated before any refund is made.
The initial step is to open the Income Tax e-filing portal in your browser. Using your PAN and password, you can log in. Locate the ‘View Filed Returns’ section on the site. You can check the return details by selecting the proper AY. For full information, tap on ‘View Refund Status’.
Or on the NSDL site, you can verify the current condition of your account besides checking the refund amount. This indicates the refund that was deposited in your account. At this time, you will need your PAN and the Year when the Assessment was done. The payment stage is what this portal mainly keeps track of.
In general, refunds are processed within three to six weeks. Straightforward cases are thus finished in a week. There is more than enough time given for the complex returns to be verified rigorously. The department allows interest payments for delays that go beyond the limit. Half a percent monthly after the date of expiry of the return period is the rate.
The very first step is to submit a ‘Refund Reissue’ request online. Only those bank transfers which failed will be reissued this way. Browser the grievance section of the e-filing portal to file a complaint. The Central Processing Centre can be reached by phone or letter besides the grievance section. Without a doubt, the importance of updating your bank details cannot be overemphasized.
It would help if you cross-checked your ITR with Form 26AS and AIS. Incomes and TDS, without fail, should be of the same source in both documents. Submit an incorrect information return if you find some. In doing so, you make a rectification of the original filing.
Make it a habit to e-verify your return immediately after filing it every time. Pre-validate your bank account on the portal way before the time by which you expect the refund. File your return not on the last day. In this way, you will be free from the crowd at the time of processing.
If the e-Nivaran portal can solve your problem, try it out. A formal complaint addressed to the department is what it does. Be sure to submit the supporting documents, provide the correct details, and so on. You can also send a letter to your Assessing Officer.
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