Tax Refund Status, View Refund/Demand Status
Refund Status: Waiting for a tax refund? Follow this process to know when the money will arrive, ITR Refund Status: The deadline for filing ITR without a fine for Assessment Year 2023–24 and Financial Year 2022–23 has ended . By the end of the last date, over 6.7 crore taxpayers across the country had submitted their returns.
Status of Tax Refund
Taxpayers can view status of refund 10 days after their refund has been sent by the Assessing Officer to the Refund Banker. Status of ‘paid’ refund, being paid other than through ‘Refund Banker’, can also be viewed at www.tin-nsdl.com by entering the ‘PAN’ and ‘Assessment Year’.
Eligible persons/companies/trusts will receive refunds after the submission of income tax returns. However, many people are still waiting for refund money. All those who have deposited more than the tax liability as per TDS or the Advance Tax Slab in a financial year will get a refund.
A question raised by tax payers is how long it will take to get the refund. Generally, the Income Tax Department pays the refund to the taxpayer within 7 days to 120 days of filing the IT return. The refund amount will be credited in his/company/trust bank account. The refund time has come down significantly this year, with most people getting their money back in an average of 15 days. If you have not received the refund after many days of filing the return, it is better to cross-check once for any mistake made during filing. In particular, if the return is not e-verified within 30 days from the date of filing, the department will not consider the IT return as submitted. Then, that ITR process will not start and refund will not come. As per Income Tax Act, tax refund is issued only to those who have verified ITR. If you have filed ITR without making any mistake,
How to check IT refund status online?
- Go to the official website of Income Tax Department. There are also fake sites on the internet, beware.
- Enter your Login User ID (PAN Number), Password
- After that, you have to select View Returns or Form option
- Select Income Tax Returns option in the drop down box
- After that, enter the assessment year and submit
- Now, enter your ITR Receipts number
- Within few minutes your You will see the ITR refund status
How to check on NSDL website?
- You can visit tin.tin.nsdl.com/oltas/refundstatuslogin.html.
- Enter your PAN number, assessment year, captcha code and click on proceed and
- the current status of your IT refund will be displayed immediately before your eyes.
1.36 crore ITRs filed in April-June period
1.36 crore people filed income tax returns during April-June this year. As compared to 70.34 lakh returns filed during the same period of last year 2022, the filings this time increased by 93.76%. More than 5.41 crore ITRs were filed in the month of July this year. In total, the Income Tax Department announced that 6.77 crore returns were received by the end of last month.
Refund Status: Waiting for a tax refund? Follow this process to know when the money will arrive, ITR Refund Status: The deadline for filing ITR without a fine for Assessment Year 2023–24 and Financial Year 2022–23 has ended . By the end of the last date, over 6.7 crore taxpayers across the…