Income Tax: Income Tax told why there is a delay in the refund, what is the big reason behind it?

A big announcement has been made by the Income Tax Department for the taxpayers. The last date for filing ITR was extended from July 31 to September 15 in the past. Now, taxpayers can file ITR till September 15.

Why is there a delay in getting a refund?

Citing a media report, the Income Tax Department has said that it will not issue refunds for new ITR files until it fully reviews the previous returns. According to the information received from the official website of the IT Department, 75 lakh ITRs have been filed so far, out of which 71.1 lakh returns have been e-verified.

It has also been noticed that there has been a delay in filing ITR for the financial year 2024-25 this year. At the same time, ITR forms were also not issued altogether. In such a situation, there may be a delay in getting the refund.

This can be the reason for the refund getting stuck.

According to the information received from the Income Tax India post on the social media platform X, the refund can get stuck for two reasons.

First, if the bank account is not valid.

Second, if the Refund Reissue Request has not been submitted after validation.

Let us now know how both can be fixed.

Step-by-Step Process

Step 1- First of all, go to the official website of Income Tax.

Step 2- Now, after going to My profile, you have to go to the option of My Bank Account.

Step 3- Now, click on the bank account option and enter the details.

Step 4- Fill in details like account type, holder type, and IFSC.

Step 5- Finally, click on the option to Validate and Revalidate.

Now, once the bank is validated, it sends the Refund Reissue Request.

How to do a Refund Reissue Request?

Step 1- You will have to go to the Income Tax website again and log in.

Step 2- Go to the Services option here and go to the Refund Reissue option.

Step 3- After this, select the record for which you want to request a Refund Reissue.

Step 4- Now select the bank account in which you want to issue the refund.

Step 5- After this, click on the Proceed to Verification option.

Step 6- Now choose the e-Verification Method, you can do this with Aadhar Card, EVC, or DCS.

Step 7- After this, you will get a message of success with Transaction ID on the screen.

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