Income tax
The deadline for filing ITR is 15 September. In such a situation, millions of people across the country are filling their income tax return (ITR) so that their refund can be found at the right time. But sometimes due to small mistakes, their refund is not available. The Income Tax Department has clarified that the refund will not be issued without ITR verification and confirmation of bank account. Therefore, if you do not meet these two important steps, then your refund may remain stuck.
If you do this, then returns will be invalid
When you file your income tax return online, it is mandatory to verify it. This process has to be completed within 30 days after filing returns. If verification is not done during this period, then your return will be considered invalid. This means that even if you have submitted the ITR, the department will not accept it until you get the confirmation that you have filed the return. Without verification, your return processing will stop and the possibility of getting the refund will be over.
Pre-classation of bank account is mandatory
Income tax refund will come only in the same bank account that is pre-walid in your income tax e-filing profile. This means that you have recorded the right bank account portal and both the Income Tax Department and the bank have confirmed this. If your bank account validation is incomplete or wrong, whether you have filed the return correctly, your refund will not be transferred.
ITR verification is necessary within 30 days
If you did not do ITR verification within 30 days or did not complete the validation of the bank account, then the refund process will come to a standstill. After this, you may have to re -return or submit additional documents, which will increase both your time and hard work. Therefore, to get refund, it is very important to complete both these works on time. In such a situation, it is very important to understand that To get income tax refund, it is not enough to file returns only. According to the rules of the Income Tax Department, it is necessary to conduct verification immediately after the return and pre-classation of the bank account.