It has always been emphasised by the government of India to file the ITRs within the stipulated time without any delay. This is essential because the sooner the ITRs will be filed , the sooner you can receive your refunds, if any. If you file your ITRs sooner, then there will be fewer refunds to be processed and hence, your refunds can be processed smoothly without any delay. This way you won't have to face the situation where your income tax refund is delayed. In this blog, we will discuss the various reasons for why the Income tax refund is delayed and the steps to take if your income tax refund is delayed.
The refund status can be checked by logging in the official portal of income tax for e-filing. To check your income tax refund status, follow the steps given below:
Step 1: Go to the official portal of income tax for e-filing and use your login credentials to login to your account.
Step 2: Click on ‘e-file’ option and select ‘View Filed Returns’ under the ‘Income Tax returns’ option.
Step 3: Search for the particular assessment year that you want to check the refund for and check its ITR status. Click on ‘View Details’ in order to check the details.
Step 4: A new window will appear on your screen that shows the status of your refund along with your information.
In case your ITR is processed but due to some issues your refund has not been issued, a message will be displayed ‘Processed with Refund Due.’ It usually takes 20 to 45 days to receive an income tax refund after the processing of ITR.
You can also go to the ‘tin-nsdl’ website in order to check your income tax refund status. You can view your income tax refund status after entering basic details like your PAN, the assessment year for which you want to check your income tax refund status and the captcha code.
There could be a multitude of reasons as to why your income tax refund is delayed. Some of the reasons and the actions to take if your income tax refund is delayed are listed below:
Once you have received the income tax refund that was delayed, the status will be displayed as ‘Refund Issued.’ Also, all the income tax refund details like mode of payment, clearance rate and refund amount will be visible to you as shown below: