The Income Tax Department gives you ITR Refund when the amount of tax you have already deposited is more than the tax liability. Tax liability is calculated by the Income Tax Department by taking into account all the deductions and exemptions at the time of assessment.
Many times it happens that you have filed your income tax return within the stipulated time, but do not get the refund. Actually, many factors work in getting income tax refund. If there is a mistake in any one of these factors, then there may be a delay in ITR refund. If it happens with you too that you have filed your ITR within the stipulated time limit and your tax refund has not yet come. Let us tell you what to do in such a situation.
If the process of your income tax refund is stuck for a long time, then you should file a refund-re-issue. Even after this, if the tax refund amount is not received, then you can complain about it to the department.
In what situations will you get Tax Refund?
The Income Tax Department will refund you the tax only when you have already deposited the tax amount and that amount is more than the tax liability. This tax liability is calculated by the Income Tax Department at the time of assessment by taking into account all the deductions and exemptions.
What to do in case tax refund is stopped?
It does not happen that you file your income tax today and get your tax refund in a day or two. Actually, it takes some time for the ITR refund to come and some process has to be completed. To get income tax refund, it is necessary to have your ITR verified, only then you will get the refund.
How long does it take to get the refund?
Let us tell you that usually, the ITR refund reaches the bank account of the taxpayers within 4 to 5 weeks of the income tax return being processed. If you do not get the refund within 4 to 5 weeks, then you should take action as per the points mentioned above. Often people make mistakes while filing ITR in a hurry, due to which they do not get tax refund.
