Saturday, July 31, 2021

Haven’t received income tax refund yet? Here’s how to check status

The revenue tax division has issued refunds value over 1.73 lakh crore to greater than 1.57 crore taxpayers within the ongoing fiscal until 11 January. Of this, private revenue tax refunds are value 57,139 crore, whereas company tax refunds are value 1.15 lakh crore.

“CBDT (Central Board of Direct Taxes) points refunds of over 1,73,139 crore to greater than 1.57 crore taxpayers between 1 April 2020 to 11 January 2021. Earnings tax refunds of 57,139 crore have been issued in 1,54,55,577cases &company tax refunds of 1,15,999 crore have been issued in 2,10,150 instances,” revenue tax division mentioned in a tweet.

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Why are revenue tax refunds delayed?

Usually, tax refunds are acquired inside 20-45 days from the day of completion of processing of ITR by the Centralized Processing Centre. Nonetheless, a refund could also be delayed in case there’s a mismatch between the tax return filed and the small print obtainable with the tax division. It might even be delayed in case the small print of the checking account talked about are incorrect.

There are two methods of checking the standing of your refund. You possibly can verify it on Nationwide Securities Depository Ltd’s (NSDL) web site in addition to on the Earnings-tax division’s e-filing portal.

Here is the way to verify ITR standing on NSDL web site:

-Go to the NSDL web site to trace refund.

– Fill in your particulars like PAN, Aadhaar and evaluation 12 months (AY).

-After submitting the small print, click on on ‘Proceed’.

-Your revenue tax refund standing will probably be displayed in your pc display.

Here is the way to verify ITR standing on the e-filing portal:

-Log in to the e-filing portal of the revenue tax division.

-Now choose at view returns or kinds,

-Go to ‘My Account’ tab and choose ‘Earnings Tax Returns’ and click on on submit.

-Now you would wish to click on on the acknowledgement quantity.

-Your revenue tax refund standing will probably be displayed in your pc display.

If the refund has already been processed by the division, you’ll get a message.

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