ITR Filed But Refund Still Missing, Here’s How To Find Out Where Your Money Is Stuck Online
Mumbai: If you have filed your Income Tax Return (ITR) but the refund has not reached your bank account even after several days, there is no need to panic. Your refund may still be under processing or could be delayed because of a bank-related issue. Instead of repeatedly checking your bank balance, you can track your ITR and refund status online from home. How To Check ITR Refund Status Online?…
In Mumbai, if you've filed an Income Tax Return (ITR) but your refund hasn't arrived in your bank account after several days, there's no need to worry. The refund could still be in processing, or it might be delayed due to a bank-related issue. Rather than constantly checking your bank balance, you can monitor the status of your ITR and refund online from the comfort of your home.
To check your ITR refund status online, go to the Income Tax Department's e-filing portal and log in using your PAN and password. Once logged in, open the "e-File" section at the top of the homepage. From there, select "Income Tax Returns" and then click on "View Filed Returns." Choose the appropriate assessment year, and the refund status will be shown next to the ITR filed for that year. For more information, click on "View Details," which displays the return's processing history, refund status, and any pending actions.
If the refund has failed to process, it doesn't mean you've lost the money. The issue could be due to incorrect or incomplete bank details. A few reasons for the refund failure include an unvalidated bank account, a mismatch between the bank name registered with the bank and the PAN records, an incorrect IFSC code, or a closed bank account. Additionally, refunds may face delays if the PAN is not linked with Aadhaar.
For refunds determined on or before March 31, 2023, taxpayers can use Protean's refund status facility by entering their PAN and the relevant assessment year. Before concluding that your refund is delayed, confirm whether the ITR has been processed, if the refund has been issued, if it has been adjusted against an outstanding demand, or if it has been marked as failed.
Also, ensure that your bank account is active and pre-validated, your PAN is operative, and no verification or other actions are pending on the portal. Remember, a delay doesn't necessarily mean rejection. Always check the online status to understand exactly where the refund is stuck.
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