ITR refund status: It is crucial to file your Income Tax Return (ITR) for FY 2023-24 (Assessment Year 2024-25) by the deadline of July 31, 2024. Failing to file your ITR and neglecting to pay your income tax can result in serious consequences, including potential legal penalties and imprisonment in certain cases.
If you’ve filed your ITR for the financial year 2023-24 and are waiting for your refund, you can now check the status of your refund on the income tax e-filing portal at incometax.gov.in.

Essential details required to check your ITR refund status online

1. A valid ID and password to access the income tax e-filing portal.
2. Your PAN needs to be connected with your Aadhaar.
3. The acknowledgment number of the ITR you have filed.

How to check your ITR refund status online on incometax.gov.in

Follow these steps to check your ITR refund status:

  • Visit the income tax e-filing portal incometax.gov.in and log in using your ID and password.
  • Navigate to the ‘e-File’ tab, then select ‘Income Tax Returns’ and click on ‘View Filed Returns’.
  • Check the refund status for the assessment year you are interested in.

Also Check | Filing Income Tax Return For FY 2023-24? Form 16 To AIS – Top Documents Salaried Taxpayers Should Check Before ITR Filing On e-Filing Portal

How to Check Your ITR Refund Status on the NSDL Website using PAN

To check your ITR refund status on the NSDL website, follow these steps:

  • Enter your PAN and select the relevant assessment year.
  • Input the ‘captcha code’.
  • Click on the ‘proceed’ button to view your refund status.

How long does it take to receive an ITR refund?

For an ITR refund to be processed, it is essential that the return is e-verified. According to an ET report, typically, the refund is credited to the taxpayer’s account within four to five weeks. If the refund is not received within this period, it is important to review any notifications for discrepancies in the ITR. Check your email for updates from the income tax department and monitor the refund status on the e-filing portal as outlined in the process described below.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *