Reasons behind Tax Refund Delay: If you have not received your income tax refund yet, then there can be many reasons for this, which can be resolved immediately.
New Delhi: The Income Tax Department has issued an income tax refund of Rs 1.19 lakh crore to more than 2 crore taxpayers till September 8. If you have filed ITR for the financial year 2022-23 by July 31, but you have not received your income tax refund yet, there could be several reasons for this. Let us know those reasons and ways to improve them.
Check ITR Process
First of all you have to check ITR process whether Income Tax Department has forwarded your ITR or not. Because you will get the refund only when the tax department will confirm your eligibility.
Check Income Tax Refund Status
If your ITR has been forwarded and confirmed by the tax department, but you have not received the refund yet, then you need to check your income tax refund status. To check this, one has to go to the link of the official website https://tin.tin.nsdl.com/oltas/refundstatuslogin.htmle and complete the process by filling the requested information.
Pre-validation
of bank account One of the reasons for not getting income tax refund can be an error in pre-validation of bank account. Apart from this, there can also be a reason for not linking PAN card with bank account. To do the pre-validation check, you need to login to the income tax e-filing portal and complete the further process by selecting the bank account option in My Profile.
ITR information incomplete
If you have not yet given the information sought for the previous ITR, which the Income Tax Department would have asked for by sending you a notice. In this situation, your income tax refund will not be released this time. Therefore, you have to make sure that any information sought for the previous financial year is no longer pending.
