Updated: 28-01-2025 at 6:39 AM
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Filing your Income Tax Return (ITR filing) on time is a very important step towards financial compliance. However, just attempting to file your ITR does not automatically mean that you will get the tax refund immediately. This refunding process has a specific sequence in place and any disruption of this sequence can cause delays. If you have filed your ITR on time but haven’t yet received your tax refund, maybe you should ask for a new one.
The income tax department initiates the process of returning funds when the amount of taxes you have paid (TDS, self-assessment, etc.) exceeds the total tax liability due from you. This obligation is computed after considering all deductions and exemptions during assessment. Make sure there is no mistake in filing the ITR.
Once the ITR has been processed there will be an intimation u/s 143(1) which gives details of the calculation of taxes. In case there is a refund due, it should be credited within 4-5 weeks after processing of ITR into your bank account.
However, there may be delays in receiving the refund for various reasons both on the taxpayer’s side and from the tax department’s side. Understanding common reasons for income tax refund delays and how to fix them can help address this issue proactively.
Read more: 20 Ways To Save Income Tax
Several factors could result in delaying your tax refunds such as;
Incorrect Bank Details: Wrong account number, MICR Code, IFSC code, or name mismatch with the account holder can cause the failure of the refund.
Invalidated Bank Account: The process for getting refunded might halt when one needs pre-validation by their bank accounts before they e-filed on portals like those meant for IT return purposes.
Pending KYC Account-holder’s Name: The refund may be delayed if KYC (Know Your Customer) formalities are pending for your bank account.
Mismatch in Account Type: Failure to provide details of either a current or savings account can lead to refund failure.
Wrong Account Description: Description errors in account particulars could also hinder the processing of the refund.
If you encounter any of these issues, you’ll need to file a refund reissue request to rectify the problem and get your refund processed.
If your tax refund is stuck, you can follow these steps to request a reissue through the ITR e-filing portal:
Log into the ITR e-filing portal: Visit the official Income Tax e-filing website and log in using your details.
Navigate through the Services tab: Once logged in, go to the services tab and select “Refund Reissue” from its drop-down menu
Create Refund Reissue Request: On a new page that will open, click on ‘Create Refund Reissue Request’. You will be asked to choose an ITR for which you wish to request a refund re-issue.
Select and validate your bank account: Choose your preferred bank account where the respective payment needs to be remitted. If the particular account is not validated, then validation is necessary before moving forward.
Verification: Opt for one among Aadhaar OTP, EVC (Electronic Verification Code) or DSC (Digital Signature Certificate) as a verification mode when authenticating your request.
Submit Request: After completing all the steps and verifying them submit your refund re-issue request.
By adhering to these steps, you can ensure that your refund is handled appropriately and credited to your account on time.
In case of non-action on the refund re-issue or any other processing issues like huge delays, a complaint may be lodged with the tax department.
Write a complaint through the e-filing portal under the tab of ‘e-Nivaran’. This will enable you to lay an official claim to the matter and seek help from the tax authorities.
According to tax experts, if your refund status shows “Refund failure” due to reasons like wrong bank details or address problems, then you should request a reissue of a refund first. However, if the issue remains unresolved in an amicable way possible then what follows next is grievance raising.
Having precise and up-to-date bank details is important in order not to experience any inconveniences while receiving a tax refund. These are very necessary particulars that the Income Tax Department employs for crediting refunds directly into your account.
Inaccurate information in the account might lead to failure in getting back paid taxes thus calling for additional measures towards resolving this issue.
Moreover, it is essential for one to regularly check email messages and SMS sent by this department regarding their refund status. It will also indicate where there are problems associated with processing your refund so that they can be addressed within time limits.
Though filing your ITR is a big step towards being financially compliant, ensuring that you receive and process your tax refunds is equally as crucial. Filing failed income taxing returns over an e-platform will solve this problem?
Filing a return request will increase the chances of getting refunds faster than usual without having them delayed unnecessarily. By doing such things proactively like applying for a refund reissue or filing a complaint to the tax department, you can make sure that your refund gets to you on time.
For more detailed information and to access the e-filing portal, visit the official Income Tax Department website. Or visit their Contact Us page for better registration of complaints.
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