The last date for filing Income Tax Return, 31st July, is slowly approaching. There are many people who have filed their ITR in the past.
The last date for filing Income Tax Return, 31st July, is slowly approaching. There are many people who have filed their ITR in the past. Some people are planning to file in the coming days. Some people have now started waiting for the refund. However, not everyone gets a refund. Some people do not get a refund even after successfully filing ITR. Let us know due to which mistakes your refund gets stopped. Let us know about 2 such mistakes.
1- Do not forget to verify ITR at all
Many times after filing ITR, verification is not done immediately, so people choose to verify ITR within 30 days. Earlier this limit was 120 days, which has been reduced from 1 August 2022. Meanwhile, people often forget that they have not verified the ITR and start worrying if the refund does not come.
If you have got the ITR filed by a CA, then also check it
If you have got the ITR filed by a CA, then also you have to ensure whether the ITR has been verified or not. It is possible that your CA has a lot of work and he forgets to verify the ITR. In such a situation, you should also check the account yourself whether the ITR has been verified or not.
Keep checking messages and emails
Keep in mind that after the ITR is verified, you also get a message and email that your ITR has been successfully verified. So when you verify the ITR yourself or get it verified by the CA, if you do not get this message, then login to your ITR account and check whether the e-verification has been done successfully or not.
2- Is the bank account pre-validated or not?
If your refund gets stuck despite ITR verification, then check once whether your bank account is pre-validated or not. In case of not pre-validating, refund will not come to your bank account and you will keep waiting. Some time ago, Income Tax itself had said that you must get your bank account validated, because refund will come in it.
It is important to pre-validate the bank account, so that if there is any problem in your name, account number, IFSC code or any other data, then it can be known in time. If this does not happen, the refund will fail and you will not get the refund.
If you do not get the refund, request to reissue the refund
If you do not get the refund, you can request to reissue the refund. To place a request for re-issuance of refund, you have to visit the website of Income Tax Department. Its entire process has been told by the Income Tax Department itself. Let us know the whole process.
- First of all login to the e-filing portal and go to Service Requests and select Refund Reisue.
- There you have to click on Refund Reissue Request.
- After this you have to select the record for which you want to request reissue.
- Select the bank account in which you want to get the refund. Keep in mind that if the account selected by you is not valid, then first it has to be validated from the e-filing portal.
- After this you have to click on Proceed to Verification.
- After this you have to choose one of the e-verification methods from Aadhaar OTP, EVC or DSC.
- After doing this you have to click on Continue and your request will go to the Income Tax Department.
In how many days does the refund come?
According to the Income Tax Department website, it takes about 4-5 weeks for the income tax refund to come. Keep in mind, to get this refund, you not only have to file the income tax return, but also have to get it e-verified. Many times people forget to get e-verified, due to which their refund gets stuck. Refund is received in 4-5 weeks only after e-verification.
What to do if the refund fails?
It has also been seen many times that people fill the ITR correctly, but despite that their refund fails. If your refund also does not come in 4-5 weeks, then you should once go to the Income Tax Department website and check the refund status there. If you see that the refund has failed, then you can ask for a refund again.
Why does the refund fail?
The most common reason for refund failure is some problem with your bank account. Refund can be stopped due to your account number or IFSC code being wrong. Not only this, if you have not validated your account, then also your refund fails. Many times the name written on the PAN card and the name written in the bank account do not match, due to which your refund can also fail. If your PAN and Aadhaar are not linked, then also your refund can fail.
