It’s been over a month to the last date for filing income tax return (ITR) for FY 2021-22 or AY 2022-23. While many people filed their ITR before the deadline on July 31, 2022, they still haven’t received the refund which could be due to several reasons.
If you filed your ITR before or on the deadline and still didn’t get your refund, here are three possible reasons for why it is still pending.
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Check if it is processed by the tax department
If you haven’t received your income tax refund yet, check whether the department has processed it or not. An individual receives the refund only after their ITR is processed and the tax department confirms the same. It must be noted that if the tax department confirms that you are eligible for a refund after processing the income tax return, only then will you receive a refund.
Check your income tax refund status
If you see that you return has been processed and the refund is confirmed but still pending, you need to check the status of the refund. This can be checked on the NSDL website.
Here’s how to check income tax refund status through NSDL websiteL
1) Go to: https://tin.tin.nsdl.com/oltas/refundstatuslogin.htmle
2) Enter your PAN and relevant assessment year
3) Then, enter captcha and click on ‘Submit’
4) Depending on the status of your refund, a message will be displayed on your screen.
Read More: Income tax refunds: How to check your refund status if you haven’t received it yet
The income tax refund status can also be checked on the income tax e-filing website. Here’s how:
1) Login to your account on the income tax e-filing portal, using User ID and password.
2) Then, go to ‘e-File’ option and click on ‘Income Tax Returns’. Then select ‘View Filed Returns’ and ‘View Details’.
One of these three options will be shown on your screen
a) “Refund Issued” with the mode of payment, the refund amount and the date of clearance of refund.
b) “Refund Failure” with reason for failure, date of communication and the registered email ID.
C) ‘Refund Kept on Hold’ with the link for the response to the outstanding demand, date when it has been communicated and your registered email ID where it has been sent.
In case your refund request has failed, you need to raise a request to re-issue the income tax refund via income tax e-filing portal. In case you see ‘No Records Found’, it may be that the I-T department is yet to issue the details of the tax refund.
Read More: ITR filing 2021-22: THIS income tax RULE allows filing ITR without any penalty even after last date
Pre-validation of bank account
Another reason for still not getting the refund is an error in pre-validating your bank account. Check if your PAN is linked to your bank account as it could delay the refund. Here’s how to check:
1) Go to income tax e-filing portal and login to your account with user ID and password.
2) Once you have logged in to your account, click on ‘My Profile’ and select ‘My Bank Account’ option.
3) You can see the bank accounts that are pre-validated on the screen. It will also show you the bank account you have selected to receive the income tax refund for FY2021-22.
For Outstanding Demand
Your income tax refund can also be delayed if you have any outstanding demand pending from the previous financial year. If this is the case, your income tax refund will be adjusted against that demand. The same will be informed to you via intimation notice issued under section 143(1).
