ITR refund status: Although the Income Tax (I-T) Department have issued most of the refunds, some are delayed and pending to be credited to the taxpayers.
The tax authority usually starts processing the refund, which is generally credited within 4-5 weeks; however, problems such as verification issues, bank mismatches, or incorrect data can cause delays in the ITR refunds.
For taxpayers whose bank accounts are already pre-validated, they may receive an update about their refunds more quickly as the department begins processing the ITR refund only after the taxpayer e-verifies the return.
The Income Tax Department has made the process to check the tax returns online much quicker and simpler. Here’s a quick guide to help you check your ITR status online in just a few simple steps —
What will you need to check the tax refund status?
To check the tax refund status, you need the following details
On Income tax portal
Step 1: Go to the income tax portal at eportal.incometax.gov.in/iec/foservices/.
Step 2: Log in to your account with your user ID and password.
Step 3: Select the ‘e-File’ tab, click on 'Income Tax Returns' followed by ‘View Filed Returns’
Step 4: The status of your current and past income tax returns will be displayed on the screen.
Step 5: Select the 'View details,' to check the status of your income tax refund.
On the NSDL portal
Step 1: Go to the NSDL Portal at nsdl.com/oltas/refund-status-pan.
Step 2: Fill in information such as PAN details, choose the Assessment Year from the drop-down menu and enter the Captcha Code
Step 3: Select ‘Proceed’ in the Taxpayer Refund (PAN) option.
Step 4: You will be taken to a page showing the ‘Refund Status’.
What does the income tax return status say?
Upon checking the tax refund status, you may face four different scenarios:
1: Income tax refund is issued.
2: A partial income tax refund is issued.
3: The department has adjusted the full tax refund.
4: The income tax refund has failed.
Disclaimer: This article is for informational purposes only and does not constitute legal or tax advice. Readers are advised to consult a qualified tax professional for guidance specific to their financial situation and compliance requirements.
