INCOME  TAX  REFUND

Income Tax Refund:-

An income tax refund means a excess of total income tax paid (Advance Tax+ TDS+ TCS+ Self-assessment Tax Paid) over the income tax liability for the year.

For claiming income tax refund, taxpayer has to file his income tax return by showing all incomes, deductions, exemptions details therein. 

If you have not filed your income tax return within due date then you can still file a Belated/Late Return under section 139(4) and claim your income tax refund.

There are various reasons for income tax refund delay:

Not Verified by taxpayer

If you have filed your Income tax return but not verified, in such a case, ITR will not be processed further, and no refund will be issued till then.

Incorrect Bank Account details

Due to wrong bank account details. In such a case you can update correct bank account details and then place a refund reissue request.

Mismatch in income details

If you have filed mismatch income details in your return, then your return will be processed seeking further clarifications which results delay in getting income tax refund.

Defective Return

If your return is processed as defective under section 139(9), then your refund will be delayed till the time of removal of defect.

Revised Return

If you have revised your original return then it will take time to process the return and getting refund.

Apply for refund re-issue request:-

Check your income tax return processing status and if it is showing that refund has been processed but could not credited due to wrong bank accounts details then first correct your bank accounts and then file refund reissue request after login into your income tax account on income tax portal.