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Before December 31, the ITR filing deadline was July 31, 2024.
What is ITR?
The Income Tax refund is the refund the taxpayer receives from the Income Tax Department if the total amount paid in taxes exceeds the actual amount due (either by way of TDS, TCS, advance tax or self-assessment tax).
The tax an individual is required to pay is calculated after considering all the exemptions and deductions at the time of assessment by the I-T department.
Pre-requisites for ITR
- Valid user ID and password.
- PAN linked to Aadhaar Card
- ITR filed claiming the refund.
How to check the status of my Income Tax refund
Here’s a step-by-step guide to check your I-T refund status:
Step 1. Open the official e-filing portal of the Income Tax Department.
Step 2. On the homepage, log in with your user ID and password.
For individual users, if their PAN is not linked to their Aadhaar Card, they will see a pop-up message that their PAN is inoperative for not being linked with their Aadhaar.
Step 3. Once you log in, navigate to the e-file section and click the ‘Income Tax Returns’ option.
Step 4. Click on the ‘View Filed Returns’ option. Here, you see the refund status for the desired assessment year.
Users can also click on the ‘View Details’ option to check the life cycle of the filed ITR.
The taxpayers can also check their refund status on the official website of the National Securities Depository Limited (NSDL).
On the NSDL website, enter your PAN, assessment year and the captcha code. This will show if your refund is on its way. This is considered an easy and simple method, especially for those who do not have access to the e-filing portal.
According to the Income Tax Department, “Refund processing by the tax department starts only after the return is e-verified by the taxpayer. Usually, it takes 4-5 weeks for the refund to be credited to the account of the taxpayer. However, if the refund is not received during this duration, the taxpayer must check for intimation regarding discrepancies in ITR; and check email for any notification from the IT department regarding the refund. The taxpayer can also check refund status on the e-filing as per the process detailed hereunder.”
Different types of ITR statuses:
As per the official website of the I-T Department, these are the different types of ITR statuses:
- Submitted and pending for e-Verification/Verification.
This status means the ITR has been filed by the taxpayer, but it is yet to be e-verified or your duly signed ITR-V has not been received at CPC yet.
- Successfully e-Verified/Verified.
This means that your submitted ITR is duly e-verified/verified, but the return has not been processed yet.
- Processed.
Here, your ITR is successfully processed.
- Defective
This status shows up when the I-T Department notices some defect in the filed return. It may arise due to the lack of certain essential information as required under law or some inconsistencies.
In such cases, taxpayers receive notice under Section 139(9) and they are required to rectify the defect within a specified time limit from the date the notice is received. If people fail to respond to the defective return status, then their ITR is treated as invalid and is not taken up for processing.
- Case transferred to Assessing Officer
This status means that the CPC has transferred your ITR to your jurisdictional AO. In this, you will be contacted by the concerned officer to provide all the necessary details.
