Income Tax Refund 2021-22: The deadline for filing income tax returns has ended long back and many people have already received refunds. However, due to some reasons many people have not been able to get the refund.
How to check Income Tax Refund: The deadline for filing Income Tax Return (ITR) for the assessment year 2021-22 (AY 21-22) is already over. According to government data, this time around 6.25 crore taxpayers have filed ITR.
Out of these, more than 4.5 crore returns have been processed and income tax refunds have been issued. However, still many taxpayers have not been able to get income tax refund. Let us know how to check the status of refund and what are the reasons for the delay.
Refund gets stuck due to wrong bank account
A major reason in cases of refund getting stuck is the mistake in the bank account details. If you have entered your account details incorrectly while filling the form, then your refund may get stuck due to this. In such a situation, you will have to correct the details of the account on the site of the Income Tax Department.
It is also necessary to link the bank account with the PAN card. Apart from this, the refund is also delayed due to the requirement of some additional documents. The Income Tax Department sometimes demands certain documents while processing returns.
If tax is due then refund will not be given
A major reason for the delay in refunds this time is some technical glitches in the new filing portal. Due to this the work of processing the returns slowed down. However, now the technical glitches have been removed and after that the processing work has been expedited. In many cases, the refund gets stuck due to outstanding tax. However, even in this situation, the Income Tax Department informs the taxpayer by sending a notice.
ITR verification required to get refund
If you have filed the return but have not verified it, then even in such a situation the refund is bound to get stuck. Unless you verify the return, the department will not process it. If the return is not verified in time, it becomes invalid and the department assumes that you have not filed the return. There are 2 ways to verify the return. The first method is electronic, in which verification can be done from bank account or Aadhaar. Another way is to verify it by sending a signed copy of ITR-V via post.
How to check income tax refund status
You will first have to go to the Income Tax Department’s site http://www.incometax.gov.in, then log in by entering User ID and Password. After that, in the e-file option, you have to select Income Tax Returns. Next, the ITR status will be displayed and you will see the date of issue of tax refund. Along with this, it will also be known how much amount you are going to get.Live TV
