According to the Income Tax Department, the Central Board of Direct Taxes (CBDT) has issued income tax refunds worth over Rs 1,12,400 crore to over 91 lakh taxpayers from April 1 to November 1.
If you pay income tax at a certain time and want to withdraw the balance amount at the end of the year, then you have to file ITR. If there is any mistake with filling this ITR then your money is not refundable. There could be some other reason for the money not being refunded. Here you will be given information about what to do if your money is not refunded. Along with this, information will also be given about how you can check the status of money refund under the new portal.
According to the Income Tax Department, the Central Board of Direct Taxes (CBDT) has issued income tax refunds worth over Rs 1,12,400 crore to over 91 lakh taxpayers from April 1 to November 1. Taxpayers who have not yet received their tax refund should check their email to see if any reply has been sought from the Income Tax Department. In that case, the email should be responded to as soon as possible. Apart from this, taxpayers can check the status of tax refund online through the Income Tax e-filing website.
Here’s how to check income tax status
There are two ways to track Income Tax Refund Status. In the first way, you can check by visiting the new income tax portal. Whereas in other way you can check income tax status by visiting NSDL website.
- Check ITR Status in New Income Tax Portal (Post-Login)
- Go to http://www.incometax.gov.in and login to your account by entering PAN as User ID, and your password.
- After logging in, click on the ‘e-File’ option.
- Under the ‘e-File’ option, select ‘Income Tax Return’ and then select the option ‘View Filed Returns’.
- You will be able to see options like download ITR-V acknowledgment, upload JSON, complete ITR form in PDF and order intimation.
Due to these reasons there may be delay in refund of money
- Your money cannot be refunded if you provide wrong bank account details. Along with this, you also have to fill other details of the bank correctly.
- One of the common reasons for not getting a refund is the need for additional documentation or information. Taxpayers may have missed out on mentioning any information while filing ITR.
- There is a possibility that taxpayers may have coded insufficient or fabricated information to avail benefits.
- The mismatch in TDS claimed in -26AS may be due to incorrect filing of TDS return by the employer or TDS deductor (i.e. bank etc.).
- The delay can also happen at the level of the Income Tax Department. Processing of the request may take time or delay may be possible on the part of the bank.
