Saturday, November 23, 2024

How Long does it Normally Takes to Get the Refund of Income Tax Once Return is Filed

Usually, it takes 20-25 days to get your tax returns from the date when you have applied for ITR. Nowadays, it is made compulsory to link PAN with Aadhar card for people who want to fill the form of Income Tax Return (ITR), and Income Tax Department has announced to complete the all process before the end of March.

Anyone can file their income tax return online using an e-filling feature on the given website, http://www.incometaxindiaefiling.gov.in, or you can also fill the form by downloading the excel sheets through the site.

After the income tax is filed, the income tax department will take action against this. If any refund is left, then it is informed to the person to mail or SMS. The status of the action can be checked through e- filling portal or NSDL website.

Here are given few steps to online apply for Income Tax Return

Income tax refund

Step 1: Go to the online portal of this website 

Step 2: Log in to the portal using the following details User ID, Password, Date of Birth / Date of Incorporation, and Captcha.

Step 3: Click on My Account and then click on the “Refund/Demand Status” tab.

Step 4: then, you can get details on the screen. 

  • Appraisal Year
  • Status
  • Reason (Refund Failure if any)
  • The medium of Payment is shown.

Step 5: Who pays tax can view refund demand status now.

To make sure that the Income Tax Refund doesn’t get delayed:

  •  Ensure return filed tallies with form 26 –

    Form 26AS has the details of the income tax that is deducted by deductors like your employer, bank, etc on the behalf of the taxpayer which is you. Thus, the TDS deduction that is given the form 16 or Form 16 A must be checked and cross verified with the help of  Form 26AS. The number of TDS that is reflected in both the forms Form 26AS and Form 16/16A must be the same always.

  • Confirm to verify as much as earlier as you file the return

It is the process of filing the refund and sending the mail of the same to the ITR office in Bangalore for completion of verification. If you have given a hard copy of your refund complaint, then you will receive your refund late in comparison to them who filed it electronically. However, people who have their income above 5 lakh should file their complaints online.

  • Confirm your updated account number

It is one of the common reasons for the delay in the refund. Most of the customers forget to update their recent phone numbers in the income tax department. Always update the account details to get your refund back without any delay.

  • Confirm the correct address

If the correct address of the customer is not given, then the refund will arrive through cheque, and it will be returned to CPC if there is any change in the mail address.

  • Confirm the Return Online 

If you submit a hard copy of ITR to Bangalore, then it will take time to return the tax fund. Instead of it, you can choose EVR. It will verify your tax electronically, and your work will be done early.

BEWARE!

If you do not submit tax or not on time, then it will be punishable action, and strict action can be taken against you, so avoid delayed and tax fraud.

 

 

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