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Sunday, June 23, 2024

Have you yet to get your ITR refund? Here is a step-by-step guide on how to check the status of a tax refund for fiscal year 2022–2023

<p>The assessment year 2023–2024’s income tax return (ITR) deadline has already passed. taxpayers who have submitted their ITR but have not yet received a tax refund.<img decoding=”async” class=”alignnone wp-image-116550″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-have-you-yet-to-get-your-itr-refund-here-is-a-step-by-step-guide-on-how-to-check-the-status-of-a-tax-refund-for-fiscal-year-20222023-images-58.jpg” alt=”theindiaprint.com have you yet to get your itr refund here is a step by step guide on how to check the status of a tax refund for fiscal year 20222023 images 58″ width=”1225″ height=”686″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-have-you-yet-to-get-your-itr-refund-here-is-a-step-by-step-guide-on-how-to-check-the-status-of-a-tax-refund-for-fiscal-year-20222023-images-58.jpg 300w, https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-have-you-yet-to-get-your-itr-refund-here-is-a-step-by-step-guide-on-how-to-check-the-status-of-a-tax-refund-for-fiscal-year-20222023-images-58-150×84.jpg 150w” sizes=”(max-width: 1225px) 100vw, 1225px” title=”Have you yet to get your ITR refund? Here is a step-by-step guide on how to check the status of a tax refund for fiscal year 2022–2023 9″></p>
<p>While some taxpayers now have their tax refunds, others are still waiting.</p>
<p>Check to see whether you have e-verified your ITR if you submitted your return a long time ago but have not yet received a refund. If you forget to e-verify your return, keep in mind that submitting an ITR is insufficient and does not ensure that you will get a refund. Additionally, if you haven’t confirmed your income tax return, you may be required to pay a penalty of Rs 5000. According to the income tax division, in order to finish the return filing procedure, taxpayers must validate their income tax returns. ITRs are regarded as invalid if they are not verified within the allotted period.</p>
<p>Also watch out for phishing schemes that circulate on social media under the guise of a “income tax refund” message while people wait for their returns.</p>
<p>Here is a quick tutorial on how to check the status of your income tax refund online:</p>
<p>Step 1- Visit the income tax India website<br />
Step 2- Log in using your USER ID (PAN number), the password, and the captcha code.<br />
Step 3- Visit the ‘View Returns / Forms’<br />
Step 4- Click on ‘Select An Option’ and then click on ‘Income tax Returns’ from the drop-down menu.<br />
Step 5- Fill in the assessment year and then submit.<br />
Step 6- Click on the relevant ITR acknowledgement number to check your ITR refund status.</p>
<p>If a taxpayer’s tax payment exceeds their actual tax burden, they are said to be entitled for a tax refund. The tax department processes refund claims made by taxpayers on their ITRs and informs them of the refund amount to which they are entitled.</p>
<p>The CPC handles your tax return between 20 to 45 days after receiving and processing your ITR. The first thing to do if you don’t get your refund is to check the status at the e-filing site or NSDL.</p>

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