ITR Filing: Filed your tax return but haven’t received refund? Here’s how you can check status

Have you filed your Income Tax Return (ITR) but are still waiting for a refund? According to the income tax rules, if a taxpayer has paid excess tax in any assessment year, they are entitled to get a refund of the extra amount under Section 237 of the Income Tax Act. With the e-transfer option of refunds, taxpayers can claim their refunds simply by filing the ITR. The ITR should further be verified, either physically or electronically, within 30 days of filing. It is credited only if the refund claim is found to be valid by the department. If approved, it will be refunded to you by crediting it to your bank account through ECS (electronic clearing service) transfer. 

Individuals can claim the income tax refund if:

– The advance tax is more than the actual tax liability.
– The amount of the self-assessment tax exceeds the amount of tax due.
– Your tax liability is less than the amount of taxes withheld at the source from your income, dividends, interest on securities, etc.
– Investments that are eligible for tax deductions on your net taxable income have not yet been disclosed or have not yet been declared.

How to track your income tax refund

– Visit the official e-filing website and select the ITR status button. Then you need to provide the PAN card and the acknowledgement number.
or
– You can visit the NSDL website, navigate the refund status login page, and provide the PAN card and assessment year details.

FAQs

What will be the date of furnishing the return of income if ITR-V is submitted within 30 days of transmission of data?
According to the Income Tax Department, if the return of income is uploaded and ITR-V is submitted within 30 days of uploading, then in such cases, the date of uploading the return of income shall be considered as the date of furnishing the return of income.

What will happen if e-verification or ITR-V is submitted beyond the time limit of 30 days?
If ITR is uploaded within the due date but e-verified or ITR-V is submitted after 30 days of uploading, in such cases, the date of e-verification/ITR-V submission shall be treated as the date of furnishing the return of income, and all consequences of late filing of return under the act shall follow, as applicable. The date on which the duly verified ITR-V is received at CPC shall be considered for the determination of the 30 days. It is further clarified that where the return of income is not verified after uploading, such return shall be treated as invalid.

In case of ITR-V sent through speed post, what date will be considered as the date for verification?
the date on which the duly verified ITR-V is received at the CentraliSed Processing Centre shall be considered for the determination of the 30 days.

Also Read: What happens if you miss filing your income tax return before the deadline? Penalty and other things to know