Income Tax Refund Release Days: The Income Tax Department has started issuing refunds to some taxpayers who file ITR on time. In such a situation, if you have not received the refund, then first of all you have to check whether your ITR has been e-verified or not. Let’s know about it in detail.
According to the Income Tax Department, 6.77 crore ITRs have been filed till July 31, the last date fixed for the financial year 2022-23. Out of these, 5.63 crore ITRs have been e-verified. Whereas, issuing refunds to a large number of taxpayers has also been started. You can get the latest update of tax refund by checking your status online.
After how many days the tax refund is issued after filing ITR? The biggest question is for taxpayers. Let us tell you that in the last financial years, tax refund has been issued within 30 days of filing ITR. In the financial year 2021-22, the time taken to issue tax refund was only 26 days. Whereas, according to the Central Board of Direct Taxes, tax refund can be issued in 16 days due to the acceleration of all ITR related processes using technology.
It is necessary to e-verify ITR
The Income Tax Department has started issuing tax refunds to certain taxpayers who file and verify ITR on time. In such a situation, if you have not received the refund, then first of all you have to check whether your ITR has been e-verified or not. If not done then you will not get refund. Because in the absence of e-verify, the Income Tax considers the ITR filing process incomplete and does not process the return. If your ITR has been e-verified, yet the refund has not come, then you have to check your status.
Can I check Income Tax Refund status online?
Whatever taxpayers are waiting for their refund or you do not know the status, then you can check the status by visiting the official website incometaxindiaefiling.gov.in. You can check the status online only. By the way, whenever refund comes in your account, information comes on your registered mobile and email address. But apart from this also you can check the status online.
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