ITR Refund Delayed: Income Tax Refund not received yet? You should do this work immediately

Check Income Tax Refund Status for FY 2023-24: If you have filed Income Tax Return (ITR Filing 2024) on time, and have not received the refund yet, then there can be many reasons for this. 

Income Tax Return Refund Delayed: Many taxpayers have received their tax refund within 10 days but sometimes it can take a few months.

ITR Refund Delayed: The Income Tax department has issued refunds to the taxpayers. But, some taxpayers have not received the refund yet (ITR Refund Status). Since the launch of the new portal of Income Tax, the processing of income tax returns (ITR Processing Time) has increased significantly. ITRs in which refund is not made, their processing is done in just a few hours, but cases with higher refund amount take time. Many taxpayers have received tax refund within 10 days but sometimes it can take a few months.

Didn't get refund even after filing ITR?

If you had filed Income Tax Return (ITR Filing 2024) on time, and have not received the refund till now, then there can be many reasons for this. In such a situation, taxpayers waiting for the refund can know the reason for the delay in getting the refund with the help of the steps given below. Here we will also tell you what you have to do to get the refund quickly now? So let's understand it step-by-step...

Know why there is delay in getting Income Tax Refund?

If your Income Tax Refund has not arrived yet, one reason for this could be delay in processing (ITR Processing Delays). It is also possible that you have not seen the notice sent by the Income Tax Department, in which you would have been asked to correct the mistake made in filing the return.

Tax refund not deposited in bank account? Do this immediately 

Step 1- First of all log in to your income tax account. You can use your PAN number as a login ID. Or you can also log in to the income tax portal through your net-banking account.

Step 2- After logging in, check the status of your income tax return. If it has not been processed yet, it means that you will have to wait for some more time.

Step 3- If your return has been processed (ITR Processing), it means that the refund amount should be deposited in your given bank account within a few days.

Step 4- If you see this message there – 'Refund failed due to bank validation' then it means that you have to validate your bank account.

Step 5- If you have received an Income Tax Intimation Notice from the department under section 143 (1) and the refund is less than the claim made by you, it means that some deduction has been rejected by the tax department or any tax credit is not available in your 26AS. In such a case, after making corrections in the information given earlier, you will have to file a rectification request. For this, you can take the help of your chartered accountant or tax advisor.

Step 6- If you have not verified your income tax return, then you should verify it immediately (Tax return verification). You can verify it both online and offline (e-Verify Your Income Tax Return Online). If you have sent the signed ITR- to the Central Processing Center (CPC) within 30 days of filing the return but the status has not been updated, then you will have to go to the income tax portal and file a complaint. The ITR filing process is considered complete only when it is verified (E-verification of ITR). If you do not verify your ITR within 30 days of filing, then you will have trouble.

With the help of these steps, you can understand the reason for the delay in issuing the refund and resolve it. This will process your refund quickly. And after this the refund amount will also come to your account.