ITR Refund Late Causes: If your ITR refund has not come yet, there is no need to panic. You can easily track your refund status sitting at home. In this article, know why the refund is delayed this time and what to do to get the refund early?
Income Tax Refund Late Reason: After filing income tax returns, every taxpayer wants his tax refund to come to the bank account as soon as possible. The refund usually gets credited in 25-45 days. But this time many people are getting delayed in getting refunds. If you too are eagerly waiting for your refund and are worried why it is delayed, then know in this article, due to this and what you can do …
Why is ITR refund late?
1. not to e-verification
It is not enough to submit just after filing ITR. You also have to e-verify it. Unless there is e-verification, your return processing will not start. It is clear that you may have filed an ITR correctly, but if you missed the e-verification, then there is no question of refund. You can easily do e-verification through Aadhaar OTP, Net Banking, Dimat account or bank account.
Also read- How to file an ITR of dead person? Know easy step-by-step process
2. More load on the system
This year the number of those filing returns has increased. Due to excess filing, the load on the server of the Income Tax Department increases, which makes the processing slow and can delay the refund. That is, even if your case is absolutely simple, your money can come late due to the system load.
3. Mistake in Bank Account or PAN
ITR refund is directly transferred to your bank account. In such a situation, if you enter the wrong account number, IFSC code or do not link the bank account to PAN, then the refund may be stuck. Many times the name also fails due to the name Missamach. Therefore, it is very important to check bank details and PAN linking well before filling ITR.
4. Departmental Scrutiny
If the Income Tax Department feels that there is a disturbance in your income details and tax calculations, then they can put your returns in scrutiny mode. In such a case your documents and claims are re -examined. The refund remains stuck until this investigation is complete. So try to get all the details perfect and clear while filling ITR.
Also read- ITR Filing: It is necessary to pay income tax even after earning less? Do not ignore these 5 conditions
How to check ITR Refund Status?
- To check the status of your refund online, go to Income Tax E-Filing Portal https://www.incometax.gov.in/iec/foportal.
- Log in with your PAN ID and password.
- Click on the E-File tab and select ‘View Filed Returns’.
- Here you will see all your filed returns and their timeline.
- This will show that on which stage your return is- in processing, scrutiny or refund has been released.
What to do to get ITR refund quickly?
- Verify it with Aadhaar OTP, Net Banking or E-Sign as soon as ITR is filed.
- Your bank account should be pre-validated and link to PAN.
- Carefully check the income details, TDS and bank information.
- If the refund is long pending, contact CPC Bangalore or your AO (Assessing Officer).