ITR Refund: Taxpayers make some common mistakes while filing income tax return, due to which they have difficulty in getting refund.
Income Tax Return Filing: Income Tax Department is repeatedly asking crores of taxpayers of the country to file ITR for FY 2022-23 and Assessment Year 2023-24. The last date for filing return without penalty is 31 July 2023. In such a situation, it is necessary to file ITR in time. In many places, a part of the salary of the employees is deducted as TDS.
If your TDS deducted is more than the total liability, then you will get refund according to the income tax slab. If your tax is deducted less, then you will have to deposit the maximum difference.
Why might there be a delay in getting the refund?
Taxpayers make some common mistakes while filing ITR. Due to this, they have to face difficulties in getting refund later. Its most common mistake is to fill the details of the bank account wrongly. Many times people enter wrong information related to the bank account while filing the return. Because of this, later they do not get the refund on time.
Do not give false information
Never enter wrong information while filing income tax return. Due to this, you may have trouble in getting refund and you may also get income tax notice. Keep in mind that the Income Tax Department cross-checks all the information and issues the refund only after that. In such a situation, first check all the details and only then file ITR.
How to check refund status-
You can check income tax refund status online. For this you have to visit the e-filing portal. Click on Know Your Refund Status. After this you will have to enter your PAN Number, Assessment Year and Mobile Number. After this OTP will come on your mobile, enter it here. After this, you will start seeing the status of your income tax refund in a few minutes.
