Income Tax Refund : Know why income tax refund has come less? What can be the reasons and how to check rectification request

Income Tax Refund: People have got income tax refund of more than 2 lakh crores. If you are also waiting for tax refund then this news is for you only. 

Income Tax Refund News: According to the latest information that has come about Income Tax Refund, 6.63 crore taxpayers have filed returns on the new e-filing portal of the Income Tax Department. 16.7 lakh more taxpayers have filed returns as compared to assessment year 2020-21.

Even more important information is that the Income Tax Department has worked very quickly in processing the refund this time. People have got income tax refund of more than 2 lakh crores. If you are also waiting for tax refund then this news is for you only.

If you have filed your Income Tax Return before 31st December 2021, then your Income Tax Refund would have arrived by now. Many tax experts say that the refund of some people has come less this time and they have got less refund than what they are entitled to.

First of all, know what could be the reason for less refund,

this time the ITR portal was changed and people who had filed ITR before its change are also complaining about getting less tax refund. The main reason for this is that the form was changed for some segments in the old and new portal and those who have filed ITR according to the old form have been able to get less refund as their deduction, income, TDS information is completely Couldn’t get into the system.

What you have to do to get your full refund To get

full refund, you have to correct your ITR by visiting the site of Income Tax Department and for this you will have to correct ITR filing by logging on to it. You can know the complete process here below.

Know here how you can file Rectification request online

Step 1- First you go to the official website of Income Tax. Its portal address has changed and you need to login at https://eportal.incometax.gov.in.

Step 2- After login, go to e-file and go to Rectification from the drop down menu.

Step 3- Select the order which is to be rectified, for this Income Tax and the relevant assessment year has to be selected. Then click on Continue.

Step 4- Select the correct request type. Next, select the reason why you want to change the return. After that upload the required documents.

Step 5- After successful submission, a reference number will be generated and sent to Centralized Processing Centre, Bangalore for processing.