How many days it takes to get tax refund: After filing ITR, when will I get refund?
tax refund is the money by the Income Tax Department when the taxpayer has paid more taxes than they actually owe, which may happen through various means such as Advance Tax, TDS (Tax Deducted at Source), TCS (Tax Collected at Source), or Self-Assessment Tax. For individuals who have filed their income tax return (ITR) and are expecting a refund, it is important to have a comprehensive understanding of the process.
Despite filing ITR successfully tax refund may not be credited into your bank account due to this issue
When the income tax department assesses a taxpayer's tax liability, they meticulously consider all applicable deductions and exemptions before arriving at the final tax calculation. This ensures a fair and accurate assessment of the taxpayer's obligations, preventing them from overpaying their taxes.
Refunds are issued only to pre-validated bank accounts through the Electronic Clearing Service (ECS), so the name in the bank account is verified with the name in PAN.
Tax refund: How long will it take to receive tax refund after filing ITR
The tax department won't begin processing of refunds until the taxpayer has e-verified the return. It typically takes four to five weeks for the taxpayer's account to be credited with the return, according to the tax department’s website.
What can you do if your ITR refund is delayed?
In the event that the taxpayer does not get the refund within this timeframe, they must investigate any irregularities in their ITR and check their email for any correspondence from
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