Sir, I have filed my IT return on 26th July 2023 where the refund was Rs.66000/- I have filed a revised return on 28th July 2023 with a refund amounting to Rs.112000/- Today i.e on 9th August I have received refund of Rs.66000 as per my original ITR file but not as per revised ITR. Kindly guide how to get the refund as per revised ITR filed by me.

Ans: It is likely that refund is granted to you as required details are not shown correctly in Income Tax Return. Thus, it advisable to take help of tax consultant, identify the reason for wrong refund and file rectification application with Jurisdictional assessing officer.

Ans: ITRs can be filed without having the Aadhar-PAN link completed; however, such ITR filings would render the user ineligible to avail refunds and interest on such tax refunds till the time PAN is linked with Aadhar.
• After e-filing your return, you must verify it. Your return filing process is not complete unless you do so.
• The timeline for e-verification of returns filed after 1st August 2022 is 30 days from the date of submitting the return.
• As per the IT department, if the ITR filed is verified (electronically or by sending ITR-V to ITD) before the time limit of 30 days, then the date on which the return was filed will be considered as the date of furnishing ITR.
• In the offline verification case, the speed post-dispatch date of the duly verified ITR-V will be taken into account to determine the 30-day period starting from the day the income tax return was electronically transmitted.
As per the data provided by you, your return has been verified within the timeline of 30 days. Normally, it takes 20-45 days for the refund to reach you after filing and verifying your ITR but your Aadhar and PAN got linked on 12th August. The delay in refund is due to it.

We suggest you wait for some more time and regularly check the “My Pending Action option” in your income tax account portal.

Ans: Once revised ITR is processed, you will get notice of demand along with Interest for excess refund given. You can make payment at that time.