PERSONAL FINANCE
One of the common reasons for the delay in receiving refunds is technical glitches in the new portal.
It is always advisable to not delay in filing the tax returns because the earlier you file the sooner you are eligible to get your refund amount.
Many salaried individuals have completed the process but some are still waiting for their refunds.
About 6.25 crore taxpayers have filed their ITR using the e-filing portal, while more than 4.5 crore returns have already been processed.
One of the common reasons for the delay in receiving refunds is technical glitches in the new portal, but this issue has been resolved and the process has been expedited.
For the Assessment Year (AY) 2021-22, the due date for filing ITR was set till December 31, 2021.
Five reasons why you still haven't received your tax refund.
1. Outstanding taxes
The IT department rejects the ITR refund request if any income tax amount is yet to be paid by the individual or business.
A notice is sent to the taxpayer with the outstanding amount. Upon payment of the remaining tax within the specified deadline, the taxpayer can re-apply for the ITR.
2. Invalid Bank Account
The bank account of the taxpayer must be pre-validated to receive the ITR refund. Tasks like e-verification, secure login, ITR password change can also be done only with a pre-validated bank account.
3. Unverified ITR:
Another reason you haven’t received your refund is that your ITR is not verified. Without verification, an ITR is treated as invalid. The ITR should be verified within 120 days from the date of filing. It can be verified electronically.
READ | 5 ways to prevent your debit/credit card from getting hacked
4. Additional Documents:
The Income Tax department requires additional documentation to make the process of your refund request ahead. That's why you may not have received the refund yet
A taxpayer can contact the assessing office through telephone or post to resolve this issue and submit the required documents to an acknowledgement from the officer for the same.
5. Eligibility
Another reason is that you may not be eligible for a refund. There may be a calculation mistake or a missed inclusion of income from an investment or saving that the department may have taken into account via Form 26AS.
Here's how you can check your ITR refund status:
Step 1: Log in to the e-Filing website - https://eportal.incometax.gov.in/iec/foservices/#/login
Step 2: Under the ‘My Account’ menu, click on ‘Refund/ Demand Status’
Step 3: The details regarding the ITR refund failure will be displayed on the web page
IAF's MiG-29 crashes near Agra in Uttar Pradesh, pilot ejects safely, court of inquiry ordered
Driving Growth and Monetization at Zendesk: A Conversation with Darshit Thakkar
Can air pollution make you fat? Know how high AQI impact your health
Locanto Addresses Challenges and Innovations in Indian Education System
Nita Ambani stuns in floral co-ord set while Anant, Mukesh Ambani go casual in Dubai
Indian Railway to launch this 'SUPER APP', passengers can now..., know details here
Who is Rashmi Shukla, IPS officer whom EC removed as Maharashtra DGP?
This village in India allows men to have two wives, living under one roof due to…
AUS vs PAK, 1st ODI: Australia beat Pakistan by 2 wickets to take 1-0 lead in series
Singham Again’s sole aim is to entertain, it’s not Hindutva propaganda
Delhi pollution: 'Why firecracker ban was not implemented during Diwali,' SC asks police, govt
IPL 2025 mega auction likely to be held in Riyadh on these dates
Big update on Reliance Jio IPO as Mukesh Ambani eyes THIS date
EC reschedules UP, Punjab, Kerala bypolls from Nov 13 to...
Coldplay's Chris Martin falls through stage trap door while performing live in Australia
Meet man, who is rising star in Tata Group after Ratan Tata's death, now tasked with...
'Nice handwriting': Internet reacts to Elon Musk's physics homework from his college days
AIIMS INI CET 2025 admit card releasing today at aiimsexams.ac.in; when and how to download
Sustainability Meets Innovation via uPVC: Industry expert shares experience
Promoting innovation in engineering education
AP TET 2024 exam result declared at aptet.apcfss.in; steps to check
AI-Powered Development: Insights from industry leaders on transforming software engineering
Another BIG move by BSNL, now set to provide tough competition to Jio, Airtel, Vi by...
Bigg Boss 18: Vivian D'Sena accuses Chahat Pandey of pooping on floor, latter loses her cool
Uttarakhand Bus Accident: 36 dead after bus falls into gorge in Almora; rescue operations underway
One of India's best wicketkeepers set to retire after this season, won't play IPL too, he is...
Research shows awe-inspiring details about Black Holes, they can...
US Presidential Election 2024: Harris vs Trump goes down to the wire, say polls
AP TET 2024 exam result to be declared today on aptet.apcfss.in, when and how to check
Shampoo, tea, biscuits, oil to get costlier soon? FMCG firms caution price hike as...
Swiggy fined Rs 35000 for duping Hyderabad customer by doing THIS
Delhi pollution: Air quality in Delhi-NCR further deteriorates, AQI hits 'severe' level
Indian mission condemns attack on Hindu devotees at Canada temple by ‘anti-India’ elements
'Upar se leke neeche tak...': Bigg Boss 18's Kashish Kapoor, Eisha Singh get into ugly spat
Man grows 500 kg pumpkin, uses it as boat to sail 70 km, SEE PIC
Devotees at Banke Bihari Temple drink AC water believing it to be 'Charan Amrit'; WATCH viral video
Bank Holidays in November: Banks to remain closed for four days in THESE states, full list here
Bhool Bhulaiyaa 3: Kartik Aaryan's mother struggles to get tickets, hilarious video goes viral
Mumbai Police arrest Maharashtra woman for hoax death threat to UP CM Yogi Adityanath
Kriti Sanon avoids posing with rumoured boyfriend Kabir Bahia at Mumbai airport, video goes viral
This is world's most expensive house, twice price of Mukesh Ambani's Antilia, it is located in...
SC to hear today Delhi govt's plea against vesting LG with power to appoint...
Viral video: Girl’s sizzling dance to ‘Taareefan’ song earns praise from netizens, watch
Watch: Elderly couple's heartwarming dance at Mohit Chauhan's Patna concert goes viral
This is India’s most expensive wedding card, made from real gold and silver, it costs Rs…
Viral video: Men’s mid-air stunt, twerk on Mumbai local train leaves netizens in splits, watch
Kartik Aaryan reveals details about his new 'girlfriend': 'Her name is...'
Delhi pollution: Air quality worsens in capital, AQI worst in India at...
Singham Again movie review: Ajay Devgn, Akshay Kumar, Ranveer Singh's high octane actioner
Pune: 35-year-old man killed by speeding car while bursting firecrackers on Diwali, video surfaces
Shah Rukh Khan makes BIG revelation on his birthday, says he has quit...
‘Against the principles of…’: Vijay-led TVK passes resolution against One Nation One Election
Watch: Two Delhi traffic police personnel dragged for 20 metres, case filed
Delhi-NCR pollution: Targeted measures enforced under GRAP for 16 days from...
AUS vs PAK Live Streaming: When and where to watch Australia vs Pakistan 1st ODI in India?
Viral video: Man casually lies on Delhi metro floor, leaves netizens divided