Attainable causes for not getting your revenue tax refund and how one can cope with it

By anshuli ist (printed)


Earnings tax refund is obtained by taxpayers when the taxes paid are greater than the precise tax liabilities. As a way to get refund of extra tax paid, taxpayers are required to file Earnings Tax Return (ITR).

A few of you might have acquired your revenue tax refund, however others are nonetheless ready for it. The explanations could possibly be numerous – both a mistake in your half or the method within the IT division is taking longer.

Learn on to be taught extra concerning the causes and actions it’s best to take.

In case you have not obtained the refund but, to begin with, you need to test the standing of tax refund on-line by means of the Earnings Tax e-filing web site or by means of the e-Governance web site of Nationwide Securities Depository Restricted (NSDL). Ought to do

Whereas most tax refunds are credited to the assessed checking account inside just a few weeks of ITR submitting, there could also be delays in sure conditions.

Listed below are the main causes below which tax refunds might get delayed:

Flawed checking account particulars

There’s a chance that the taxpayers didn’t present the right checking account quantity or different financial institution particulars whereas submitting the Earnings Tax Return (ITR). Therefore, you have to test the checking account particulars correctly earlier than submitting ITR.

Extra Documentation/Info Required

One of many widespread causes for not getting a refund is the necessity for added documentation or info. You will have missed out on mentioning any info whereas submitting ITR.

fabricated info

You will have coded inadequate or fabricated info to obtain advantages. To rectify this, you have to present full and pertinent info in order to attenuate the probabilities of rejection or delay within the refund course of.

Mismatch claimed in TDS/TCS

The mismatch in TDS claimed in 26AS could also be resulting from incorrect submitting of TDS return by the employer or TDS deductor (i.e. financial institution and so forth.), and chances are you’ll must method them to get their TDS return corrected.

Refund request below course of

The delay may also occur on the degree of the Earnings Tax Division. Processing the request might take time, or there could also be a delay on the a part of the financial institution.

What do you have to do to get a tax refund?

In case you have filed your Earnings Tax Return and haven’t obtained Earnings Tax Refund inside an affordable time, first affirm whether or not you will have verified your Earnings Tax Return on-line or offline. ITR submitting is incomplete and isn’t processed until it’s e-verified. If ITR V will not be verified, you possibly can nonetheless do it by the top of this month.
Moreover, it’s best to test your e-mail to see if any reply has been sought from the Earnings Tax Division. You will need to reply to emails, if any, as shortly as doable. You may as well place a service request on the e-filing portal.

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