Income Tax Refund Status: The last date for filing Income Tax (ITR) for the financial year 2023-24 was 31st July. This date has passed. Those who have filed their ITR are now waiting for their refund. Many people have also got their refund. If you have filled the ITR correctly and validated it on time, then your return must be coming. But if you have made any mistake in filing the return, then it can also be declared as a defective ITR.
Filing Income Tax Return is also a skill. Although any person can fill it, but it should be filled only by those who know the rules and regulations of Income Tax. Because if there is even a slight mistake in filling the return, then your ITR can be declared defective. In such a situation, you may also get an Income Tax Notice from the Income Tax Department. But if your ITR is correct then your refund will be about to come. Here we are telling you the way to know the refund status…
What is a refund
Taxpayers have to deposit advance income tax in any financial year. The amount of tax you have deposited in advance and the tax payable on your income that year is accounted for in the income tax return. If you have already deposited more money than the amount payable, then the excess amount is returned with interest. This is called refund.
When do you get a refund
The last date for filing income tax return (ITR Filing 2024) for the financial year 2024 was 31st July. At present, the Income Tax Department is rapidly processing the returns and issuing refunds. You will get your Income Tax Refund Status only when the Income Tax Department processes your ITR. As the processing of ITR is being completed, refunds are being issued.
Do this work till then
If you have filed your return (ITR) within the stipulated time, then the refund money is expected to come to your bank account soon. These days the Income Tax Department is processing the ITR of tax payers quickly. After this the refund is transferred to your bank account. Therefore, go to the Income Tax website and check your bank account number and IFSC code once again. If everything is fine, you will get the refund soon.
Check refund status like this
If you have filed your ITR and now want to check its return status (ITR Refund Status), then follow the steps given below:-
First of all go to the website www.incometax.gov.in. After this, log in to the website through your PAN and password. After logging in to the e-filing portal, go to the ‘e-file tab’. Select the option of ‘View Filed Return’ there. Here you will see the details of all the returns filed. You have to click on the option of ‘View Detail’ to see the current status. After this, the status of the ITR file will start appearing on your screen.
Everything will be visible here
If you have been sent a refund by the Income Tax Department, you will see its details there. You will also see information like mode of payment, refund amount and date of clearance there. If your ITR has not been processed yet, then you may have to wait for a few days to get the refund.
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