Not Receiving Your Income Tax Refund (Possible 11 Reasons)

The most anticipated advance in the wake of checking your Income Tax Return is getting discount. In any case, numerous a period our hold up is Prolonged!! Who likes to hang tight to get some cash? Nobody right!! Along these lines, today we would comprehend 11 such conceivable purposes behind a postponement in getting Income Tax Refund Online and the moves you should make. As a matter of first importance, we would propose you to guarantee that you have e checked your ITR or sent the marked duplicate to CPC Bengaluru. Since without finishing the check procedure no discount is started by the Income Tax Department. Effectively done above, next, you should check your Income Tax Refund Status which should be possible in any of the accompanying habits:

  • Through Tax2win
  • Through NSDL
  • Through Income Tax Login

On checking your Refund Status by citing your PAN number and choosing the pertinent Assessment Year you may go over any of the 11 status and here is a rundown of moves which must be made by you.

S.No.
Refund Status
What does it mean
Action to be taken
1.
No E-filing is Done You have not filed your ITR or have filed it in paper form manually. To claim Income Tax Refund post Financial year 2014-15, it is mandatory to file a return of tax online. File your ITR Now!!
2.
Refund is already credited to your Bank account. Please contact your bank. Or Refund cheque has been encashed The refund amount has already been transferred in your bank account by the Income Tax Department. Check your bank statement a son date specified in the status. Cross check the bank account which you gave at the time of filing ITR for credit of refund. If the problem persists contact SBI, Mumbai on 1800 425 9760
3.
Refund not determined Or Your return is pending with the Assessing Officer In this case, your Refund is still being processed by the ITD You should wait, and check status after some days.
4.
Account Number provided is incorrect The bank account number given at the time of filing your income tax return is wrong. Make Refund Reissue request with correct account details.
5.
Defective Return u/s 139 (9) Your return was not complete or improper. Login your Income Tax India Online account and check for detailed reasons.
6.
ITR processed but submit rectification request This generally happens because of mismatch in out and Tax Department calculations. Check details in intimation received u/s 143(1)
7.
Return submitted but not verified You have successfully filed your ITR. But verification of the same is still pending. Verify your return either

  • Online
  • Offline
8.
No Demand No refund found It means your ITR has been duly processed and there was no refund due. You can check details in intimation received u/s 143(1) and respond accordingly.
9.
Return processed and tax demand determined This means after processing your return the tax department is of view that you should still pay some taxes. Check intimation and if not satisfied reply online or make the due payment.
10.
Refund sent to the banker Your refund has been processed by the ITD but it is yet pending by the bank to process. Wait for some days and if the situation persists, contact the bank for more details.
11.
Refund adjusted against Demand You had refund payable but the same has been adjusted against some taxes payable for previous years. Check notice you must have already received u/s 245 in this regard.
Certicom - A Group of Chartered Accountants - Articles
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Certicom Consulting [ Kedia Arpana & Co ] is a group of Chartered Accountants in the business of Small Business Setup & Statutory Compliance including for Professionals for the past 15 years. We have been an established and popular company with an excellent track record for the best customer satisfaction.

Certicom Consulting

Certicom Consulting [ Kedia Arpana & Co ] is a group of Chartered Accountants in the business of Small Business Setup & Statutory Compliance including for Professionals for the past 15 years. We have been an established and popular company with an excellent track record for the best customer satisfaction.