Income Tax Refund: If a person pays more tax than the tax liability, then he will get income tax refund. This will be possible only when that person files Income Tax Return (ITR) for that year. Apart from this, processing of ITR is necessary by the tax department. The notice will be sent to you by the tax department. This notice is sent under section 143(1) of the Income Tax Act, 1961.
The Government of India has fixed 31 December 2021 as the last date to file this year’s return. For your information, let us tell you that the processing of income tax refund is done by State Bank of India, India’s largest government bank. The refund amount is directly transferred to the bank account nominated by the taxpayer. The account is nominated at the time of filing tax return by Track Speed so always ensure that you have entered your account number and IFSC code correctly. Apart from this, the taxpayer has to pre-validate his bank account on the new income tax e-filing portal of the government and linking it with the PAN bank account is very important.
How to check income tax refund status:-
You can check the status of your income tax refund on the new income tax portal or NSDL website.
How to check on new income tax portal?
- First of all you have to go to the Income Tax website www.incometax.gov.in . After that you have to login to the account by entering your PAN, User ID and Password.
- After that you have to click on the e-file option. There by selecting Income Tax Return and then click on View Point Returns option.
- After this, check the latest ITR filed by you. Then select the New Details option. Once selected, you will see the status of your file. In this, you will also see the date of issuance of tax refund, amount refunded and the date of clearance of any refund outstanding for this year.
TIN on NSDL website
Another way to track income tax refund is through the NSDL website. One thing must be kept in mind that the refund status can be seen on the website only after 10 days after the refund has been sent by the Taxpayer Assessing Officer to the refund banker.
- For this, first you have to go to https:/tin.tin.nsdl.com/oltas/refundstatuslogin.html .
- After that you have to fill your PAN details.
- After this, you have to select the assessment air for which you want to check the refund. The assessment year for the financial year 2020-21 will be 2021-22.
- After that enter the captcha code and click on submit. Based on your refund status, a message will appear on your screen.
What to do if refund is not received?
- If refund is not received in your account then you can send a letter to State Bank of India, Survey No. 21, Opposite Hyderabad Central University, Main Gate, Gachibowli, Hyderabad-50001 at this address.
- If you want, you can also send an email to itro@sbi.co.in .
- Apart from this, people have been given the number 18004259760 . This number is SBI call center number.
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