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Sunday, May 16, 2021

CBDT refunds more than Rs 12,038 crore issued, check your IT refunds in this way

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New Delhi: The Income Tax Department recently informed that it has issued refunds of more than Rs 12,038 crore to more than 10.83 lakh taxpayers between 1 April 2021 and 26 April 2021. The Central Board of Direct Taxes (CBDT) has made an announcement in this regard.

Even after this announcement, some taxpayers are still waiting for their income tax refund. Typically, an ITR refund falls within ten working days of ITR filing. Taxpayers who have filed their ITRs and are awaiting an ITR refund are advised to check the status of their ITR refund if it has been ten working days since their ITR filing.

Taxpayers are advised to keep an eye on the official income tax department website – incometaxindia.gov.in and check their ITR refund status to see if the refund has been credited to their account.

If a problem is raised by the Income Tax Department, it will be shown there and after the problem arises in the claim for ITR refund, the taxpayer is advised to rectify the problem online and refund it to his given bank account.

How to check income tax refund status online:
You can check the status of Income Tax Return on the National Securities Depository Limited (NSDL) website, as well as the e-filing portal of the Income Tax Department.
1. On NSDL website:
Visit the NSDL website to track the refund.
The following web page will appear. Fill in the details including PAN and age and click ‘Proceed’.
Your income tax return status is shown in the following image.
2. On the e-filing portal:
Click here and log on to the e-filing portal of the Income Tax Department.
See the return / form.
Go to the ‘My Account’ tab and select ‘Income Tax Return’. Click Submit.
Click on the enrollment number.
A page showing your return details will appear along with the income tax return status.

If the taxpayer makes a mistake in filing the ITR, the income tax return is likely to be delayed. If the ITR is mismatched and the details available with the IT department are returned. In the case of a query, the taxpayer should respond immediately.

In many cases income tax refunds are not issued or are rejected due to simple mistakes such as submission of incorrect bank account details in the ITR form. In that case see the bank account details you mentioned in your ITR.

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