Even if you filed your income tax return (ITR) for AY 2024-25 by the July 31, 2024 deadline, it doesn’t necessarily mean you’ll get your refund promptly.
**In Short**
– Filing your ITR on time doesn’t guarantee a quick refund.
– The refund process has multiple steps, and issues at any stage can cause delays.
– If your refund is delayed, request a re-issue. If the problem persists, file a grievance with the tax department.
**In Short**
– **Eligibility for Refund**: Taxpayers qualify for a refund if their advance tax payments exceed their actual tax liability, which the income tax department calculates after applying deductions and exemptions.
– **Steps After Filing**: Filing and verifying your ITR initiates the refund process. You’ll receive a Section 143(1) notice detailing your tax calculation and refund status. Refunds typically come within 4-5 weeks, but delays can happen.
– **Dealing with Delays**:
– **Request Refund Re-Issue**: If you haven’t received your refund or if there’s a problem, request a re-issue. Common issues include incorrect bank details or unvalidated bank accounts.
– **File a Grievance**: If a re-issue doesn’t resolve the issue or if there’s a significant delay without explanation, file a grievance with the tax department.
– **How to Request a Refund Re-Issue**:
1. **Log In**: Access the ITR e-filing portal with your credentials.
2. **Select ‘Refund Reissue’**: Go to the ‘Services’ tab and click ‘Refund Reissue’.
3. **Create Request**: Click ‘Create Refund Reissue Request’, select the relevant ITR, and choose a validated bank account for the refund.
4. **Verify**: Complete the process using Aadhaar OTP, EVC, or DSC for verification.
– **Stay Updated**: Monitor your email, SMS, and the ITR e-filing website for updates on your refund status.
