Income Tax Refund: According to the information given on the website of the Income Tax Department, till August 25, about 6 crore 92 lakh 90 thousand people had filed tax returns. But in comparison to this, only 6 crore 66 lakh people have verified their ITR.
ITR Filing Update: There has been a tremendous jump in the number of ITR filers this year. Till July 31, Income Tax Return (ITR) has been filed on behalf of 6.77 crore people. This number of ITR filers was about 16 percent more than last year. After filing ITR, there is a time of one month to verify it. The refund process of income tax payers is done only after verification. Tax refund has been returned to a large number of taxpayers who paid income tax.
There is a possibility of refund being stuck
Despite this, the tax refund of lakhs of people is still stuck. This situation is when the ITR for the financial year 2022-23 was filled before the deadline. People whose refund is feared to be stuck have not yet verified their ITR. According to the information given on the website of the Income Tax Department, according to the data till August 25, the refund of 27 lakh people may get stuck. After filing ITR, there is a time of 30 days for verification.
Last date for verification till 31st August
Actually, the last date of ITR was 31 July. Those who have filed ITR on the last day can get the verification done till August 31 as per 30 days. After this, taxpayers are no longer eligible for refund of additional tax. Not only this, if the taxpayer is unable to verify the return according to the timeline, then his ITR also gets rejected. In the absence of verification, ITR will not be processed for refund by the Income Tax Department.
Verification of 27 lakh people left
According to the information given on the website of the Income Tax Department, till August 25, about 6 crore 92 lakh 90 thousand people had filed tax returns. But in comparison to this, only 6 crore 66 lakh people have verified their ITR. The remaining 27 lakh people have not got their returns verified. Out of this, 30 days of verification of some taxpayers are also going to be completed. The Income Tax Department is also sending alerts through e-mail and SMS to those who do not get the verification done.
How to verify ITR
You can easily verify ITR. ITR can be verified through OTP on Aadhaar registered mobile number on e-filing portal. You can do the work of verifying ITR through netbanking or offline as well.
