Income Tax Refund: So far 6.25 crore taxpayers had filed income tax return in which 4.5 crore people have got refund. There can be many reasons for not getting the return. If you have not got the return too, then let us know what could be the reason for this.Â
Income Tax Return: Taxpayers are always advised by the Income Tax Department to file ITR on time, because the sooner you file the income tax return, the sooner you will get the return. According to the information given by the department, so far 6.25 crore taxpayers had filed income tax returns, in which 4.5 crore people have got refunds. There can be many reasons for not getting the return. If you too have not received the return till now, then let us know what could be the reason for this.
these could be the reasons
1- Technical issue – Many technical problems are coming on the new portal of Income Tax since the beginning, due to which there is delay in getting returns. In such a situation, this can also be a reason for not getting your return.
2- Additional documents- Your document can also be a major reason for the delay in getting the refund. To solve any such problem, you should contact the concerned officer through telephone or post and submit the necessary documents.
3- Non-verification of Income Tax Return – Even if you have not verified ITR within the prescribed limit, it will be considered invalid. Under the Income Tax Act 1961, ITRs that are not verified are considered invalid.
4- Bank related information – One of the reasons for not getting the return can be wrong information related to the bank. Even if there is any change in the bank details, there may be a delay in getting your refund.
get refund as
After the processing of the return, if the tax department feels that your claim is correct, then its information will be sent to you through SMS and email. In this message, the department will tell how much amount will be refunded in your account. Along with this, he will also send a refund sequence number. This information is sent under section 143 (1) (Income tax notice) of the Income Tax Act.
Taxpayers Check RefundÂ
State Bank of India (SBI) processes the refund. The refund is credited directly to the taxpayer’s account or a check or demand draft is sent to his address. Therefore, it should be ensured that the bank details are given correctly while filing ITR. The refund amount comes in this account. However, sometimes there may be a slight delay in sending the refund from the tax department.
There are two ways to track income tax refund status. (Track your income tax refund)
1. On Income Tax e-filing website
2. TIN on NSDL website
