You will undoubtedly experience a delay in getting your refund if you file your taxes after the deadline. All tax returns are delivered to the centralised processing centre (CPC) within 20 to 45 days. The time it takes for taxpayers to get their refund once returns have been processed ranges from 20 to 45 days. Refunds can occasionally be delayed for a variety of reasons, which causes taxpayers to worry unnecessarily. The delay may also be brought on by mistakes made by taxpayers, such as power failures or technical malfunctions.
What should you do if your refund hasn’t arrived?
Majority of taxpayers are prompt in submitting their returns on time. Many people have their own personal chartered accounts to handle the necessary tasks; however, some choose to do it themselves. Many professionals in the workforce turn to their internal finance department for assistance.
You may track the progress of your unfiled income tax returns in two different ways. Both the official NSDL website and the official income tax website are accessible. Both will illustrate how the delay is progressing. The procedures to take in order to learn more about the reasons for the refund delay are listed below.
Visit the Income Tax Portal
- Use your username and password to access the official income tax e-filing system.
- Select the “E-file” tab from the list of tabs that appears on your screen.
- Select the “income tax returns” tab after that.
- From the menu, choose “view filed returns”.
- You will now need to pick the year for which you want to examine the refund delay.
- You may examine the current state of the issue for that particular year in the snapshot that will emerge.
- The status will read “processed with a refund due” if your income tax returns have been processed, but the refund has not yet been issued.
Visit the official website of National Securities Deposit Limited (NSDL)
By following the instructions below, you may also check the National Securities Depository Limited’s (NSDL) official website to learn the status of your tax refund:
- Log in to www.tin-nsdl.com, the official NSDL website.
- Enter your PAN card information, the assessment year you want to verify the status of your refund for and the captcha code.
- A “link to the refund status” will be shown.
- Tap the aforementioned link.
- Your tax return’s status will be described in full.
Submit a complaint
- Additionally, there are a couple of ways you may complain online.
- Access the income tax division’s official webpage.
- Enter your name, your PAN card information, and the assessment year for which you’re looking for the status of your refund.
- Enter your complaint in the description box that displays.
- Click the “submit” tab after entering the captcha code.
Once your complaint has been filed, the income tax department may send you an alert with information about any outstanding taxes. Always feel free to seek your CA for advice on this. Additionally, you may evaluate all the necessary information on the IT returns form, look for any inaccuracies, and recalculate your tax burden. This is solely to double-check the payment you are owed.
You can submit an online correction claim if all the information is accurate. The IT authorities will inform you of the same reasons if they think there is a mismatch in your request. You should be prepared with all the proper information in case they ask you to provide more documents or facts. If you have begun banking with a different institution, you must give the officer in charge of your tax assessments your new information, including the institution’s magnetic ink character recognition (MICR) code and your account number.
Claiming your online pending income tax refund: Causes of the refund not arriving to you and potential solutions
Your refunds might not be reimbursed to you right away for a variety of reasons. Here are a few of the primary reasons:
Incorrect information
Your income tax returns were filed using incorrect information that you submitted. This might be a mistake with the name’s spelling, the address, or even the bank account number. A manual evaluation of the processes is therefore required. An employee of the Indian Revenue Service oversees the complete form in such circumstances. This causes a significant length of time to be added to the refund procedure.
Incomplete information
Your returns won’t be processed if you submit your returns offline and omit to include a crucial element or forget to sign the papers. The processing and reimbursement procedures are prolonged as a result.
Your personal information being misused
You won’t get the refund you’re entitled to if someone files tax returns using your personal information without your permission. You must get in touch with the Department of Revenue and lodge a complaint if you detect a scenario like this.
Your refund is credited to the wrong bank
Many times, since they want to finish the procedure fast, people enter incorrect information online. This has repeatedly resulted in mistakes being made with the bank account number. This frequently results in the crediting of your return to another person’s bank account. Since the Department of Revenue does not become involved in such situations, you must individually resolve this matter with the relevant bank.
Making modifications as you file your returns
You must transmit tangible copies of any changes you make to earlier returns to the relevant authorities. It takes at least three weeks for the Indian Revenue System to reflect this. The subsequent processing takes place over the course of 16 weeks, and you can get your refund many months later.
FAQs
What does the status of refund of income tax return mean?
There are different forms of refund status for income tax returns. Each status provides you with a detailed explanation for the delay in your return. After making the required modifications and once you have determined the cause, you may edit the document.
How are income tax refunds tracked?
By going to the Income Tax Department of India's official website, you may follow your income tax refund. You must enter your login information, navigate to your account, and select the refund/demand status option. You will be given all the information, including the assessment year, the situation, and any delays in the return.