ITR Refunds Stuck: Why You're Waiting and How to Track Your Status
Image Source: Internet
While most income tax returns have been processed, a significant number of taxpayers are still waiting for their refunds. Chairman of the Central Board of Direct Taxation, Ravi Agrawal, attributed the delay to "high-value" refund claims and discrepancies flagged by the system. Taxpayers who have made claims with certain deductions are being asked to file revised returns. Refunds are typically processed within four to five weeks after an ITR is e-verified. However, delays can occur due to common issues such as: Unvalidated bank accounts Invalid IFSC codes Mismatches between name and PAN card details Discrepancies in Form 26AS or AIS Taxpayers who do not see movement after the usual period should review any emails or notices highlighting discrepancies. Missing verification prompts or alerts about incorrect bank details can pause processing entirely. To check your income tax refund status, follow these steps: Visit the income tax portal at eportal.incometax.gov.in/iec/foservices Log in to your account using your registered ID and password Go to e-File tab and select View Filed Returns Select the relevant assessment year and open View Details to check the refund status The income tax department notes that refunds will fail if your PAN is inoperative. You can link your PAN with Aadhar by clicking on the "Link Now" button. Delays in ITR returns are often caused by bank account issues, Aadhaar-PAN not being linked, and incorrect claims. To avoid further delay, review the portal and ensure all details match. FAQs: Q: Why is my ITR refund delayed? A: Refunds get delayed due to verification gaps, incorrect bank details, Aadhaar-PAN issues, or mismatches in reported income. Q: How long does the income tax refund usually take? A: Most refunds are credited within 4-5 weeks after the ITR is successfully e-verified. Q: How can I check my ITR refund status? A: You can log in to the income tax portal, open "View Filed Returns," and check the latest refund update.
