Income Tax Refund: The bank details should be given correctly while filing ITR. We are going to tell you the easy way to know the status of refund here.
Income Tax Refund: Usually, there is a complaint of taxpayers not getting Income Tax Refund. Often the income tax refund gets stuck even if the taxpayers do not have the correct information.
Many times a refund is also received, even then information is not available. Therefore, it should be ensured that at the time of filing ITR, the bank details are given correctly. Well, whatever the reason, we are going to tell you the easy way to know the status of refund here.
Know how to do it
First go to the website www.incometaxindiaefiling.gov.in. Log in to your account by entering details like PAN, password and captcha code. Click on ‘Review Returns / Forms’. Select ‘Income Tax Returns’. Select the assessment year for which you want to check your income tax refund status. Click on your enrollment number.
A pop-up will appear on the screen which will show the timeline of the filing of the return. Also, it will also show the assessment year, status, reason for failure and mode of payment.
This is also the way to view refund status
First go to https://tin.tin.nsdl.com/oltas/refundstatuslogin.html. Enter the details of your PAN, select the assessment year for which refund status is to be checked, enter captcha code and click on submit. Depending on the status of your refund, a message will appear on your screen. Send refund re-issue request
This is refund
When he submits the final papers by the end of the financial year, if he finds that his tax is over-deducted and he has to withdraw the money from the Income Tax Department, then he should apply for ITR by filing ITR for it. Does.
Refund stops due to these reasons
If you have filled the wrong information about your account by filling the form, then your refund may get stuck. Apart from this, if the tax account is to be refunded from the Income Tax Department, if the taxpayer does not already verify the bank account, then the refund causes a refund.
Often, the taxpayer fills the income tax return on time, but he does not verify it, this also becomes a reason.
Refund issued
The Income Tax Department (Income Tax) issued a refund of Rs 5,649 crore to more than 7.39 lakh taxpayers from 1 April 2021 to 19 April 2021. In the last financial year, the department had issued refunds worth Rs 2.62 lakh crore to more than 2.38 crore taxpayers.
This figure is 43.2 percent higher than the Rs 1.83 lakh crore refund issued in the last financial year 2019 20.
