The income tax division examines each ITR submitted and determines the total amount of taxes paid. The department gives the assesses a refund if they overpaid the tax. All taxpayers who have paid their taxes are entitled to a refund under the Income Tax Act of 1961. Through the income tax return form, they can submit a claim for a refund. Their registered bank account receives a reimbursement for the excess amount deposited.
The causes of income tax refund delays, how to monitor the status of your return, and the precautions you should take in the event of an income tax refund status 2022-23 delay will all be covered in this article.
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Refund of income tax delays
It’s usually a good idea to submit IT returns by the due date. If you file an ITR, your taxes will be assessed earlier, and you will get your refund (if any) sooner. With each day that goes by, more taxpayers submit returns, which causes a delay in processing your filing. Consequently, the reimbursement would likewise take longer. However, there may be other factors contributing to the refund’s delay.
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Checking your income tax refund status 2022-23 delay
There are two ways to find out whether your income tax refund has been processed:
- Visit the TIN-NSDL website.
- Access the e-filing website.
TIN-NSDL
- Visit the official website, https://tin.tin.nsdl.com/oltas/refundstatuslogin.html, to check the status of your tax refund filing.
- Enter your PAN number, make your year selection, and validate the Captcha code.
- You may check the status of your income tax refund after completing the Captcha verification and clicking “Submit” by choosing “Proceed”.
E-filing site
- Log in to https://www.incometaxindiaefiling.gov.in/home using your User ID and Password.
- Choose “View Returns/Forms” from the drop-down menu on the site. From the drop-down option, select “Income Tax Return.”
- A thorough list of all your tax returns will be created if you select this option.
- To start, choose the Acknowledgement Number from the drop-down menu.
- By calling this number, you may get all the information you want regarding submitting an income tax return.
- It typically takes up to 10 days for the income tax return to be transferred into your account once the IT Department processes the refund.
Income tax refund status 2022-23 delays: Causes and necessary actions
The income tax refund may be delayed for a number of reasons. The delay’s causes will be covered in the paragraphs below, along with the steps you should take to resolve the problem.
Check to see if your income tax return has been completely verified if you submitted a tax return for the years 2022–23 and discover that your refund has been delayed: Verify it in the event that it is not. You must submit a grievance on the online portal in order to find out why the refund wasn’t posted to your account after the return was completed and validated online.
Refund request denied by the department: This holds true if the income tax agency believes you still owe them money. In this situation, the department will send out a notification outlining the amount of tax that is still owed. You must double-check your records after getting the letter, reevaluate your tax obligations, and determine your anticipated refund amount. If your ITR 5 filing is accurate, you must submit a U/S 139 rectification return (4). If the amount filed was wrong, you must pay the unpaid tax within the department’s allotted time frame (mentioned in the notice issued).
Not claiming a deduction for which you are qualified: You can amend your return and take the deduction you were not able to claim when you filed your ITR earlier if your ITR has not yet been completed.
The account information has changed: You must submit an online grievance if the tax refund was finalised but was not credited to your bank account. You could need to submit a refund reissue request, or the department might request that you email them the most recent bank account information and other pertinent facts. The following information is necessary:
- Contact information for the assessee, including name, birth date, and phone number.
- An image of the PAN card
- Scanned copy of a picture identification document, such as a passport, driver’s licence, Aadhaar card, or voter ID
- Image of the error message on a screen
- Acknowledgement number for complaints
Refund application in progress: Your income tax refund status 2022–23 may be delayed as a result of the time it takes the income tax department to process the refund request. In this situation, make sure you have sent the ITR-V and confirmed your return within 120 days of the ITR-2a filing date. If not, update your return and send CPC Bengaluru a new acknowledgement. You should follow up with CPC on hotline numbers 1800 103 0025/ 1800 419 0025/ 080-61464700 from Monday through Friday from 8:00 am to 8:00 pm if the ITR V is validated. Additionally, confirm the validity of the bank account information you provided.
Offline returns: You must wait for the department to finish processing the forms since they must be physically processed.
FAQs
Why is my refund taking longer than expected?
There could be several reasons for a delay in your refund. The IRS may need to review your tax return more closely, or there may be issues with the information you provided on your return. In some cases, a delay may occur because of changes to tax laws or increased workload at the IRS.
How will I know if my refund has been issued?
You can check the status of your refund online by using the IRS's Where's My Refund? tool. You can also check the status by calling the IRS's automated refund hotline at (800) 829-1954.
What should I do if my refund is delayed?
If your refund is delayed, the first thing you should do is check the status of your refund using the Where's My Refund? tool or by calling the automated hotline. If there are no issues with your tax return, you may need to wait for your refund to be processed.
Can I expedite my refund?
There is no way to expedite your refund. The best thing you can do is file your tax return as early as possible and provide accurate information to avoid delays.
Will I be charged interest on my refund if it is delayed?
No, you will not be charged interest on your refund if it is delayed. However, you may owe interest on any taxes you paid late