Reasons for Income Tax Refund Delays and How to Track Your Status
Discover common reasons for delays in your Income Tax Refund and learn how to check its status.
Reasons for delay in refund after filing IT Returns
The deadline for filing Income Tax Returns (ITRs) for the assessment year 2023-24 ended on July 31, and no extension was entertained by the IT department.
If you're awaiting a refund, delays may occur for the following reasons:
1. Additional Information: The Income Tax Department may request more details, causing delays.
2. Calculation Errors: Discrepancies between your return and the department's records can delay refunds. Correct any errors and, if needed, file a rectification return under Section 139(4).
3. Incorrect Bank Details: Ensure the bank account number provided is accurate. Mismatches can delay refunds.
4. Unverified Bank Account: Only pre-validated accounts receive refunds. Confirm your account is authenticated and your IFSC code is updated.
5. Form 26AS Mismatch: Delays can occur if TDS information does not match Form 26AS.
Checking Refund Status:
NSDL Website
1. Visit https://tin.tin.nsdl.com/oltas/refundstatuslogin.html
2. Log in with your PAN and select the assessment year.
3. Click ‘Submit’ to view the status.
Income Tax Portal
1. Go to https://incometax.gov.in and sign in.
2. Select ‘e-file’ and then ‘View Filed Returns.’
3. Check the status for Assessment Year 2024–2025 (FY 2023–24) and click ‘View Details.’
These steps help you track your refund and identify potential issues.
