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Sanjeev

Sanjeev Govila  | Answer  |Ask -

Financial Planner - Answered on Sep 20, 2023

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more
kamal Question by kamal on Aug 22, 2023Hindi
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sir i have filled my IT return for fy 22-23 succcessfully but not recd it refund

Ans: •Generally, it takes 20 to 45 days for the refund to reach you after filing and verifying your ITR. But there could be multiple reasons that you have not received a refund.

•Firstly, you have to check whether the Income Tax Department has processed your ITR. You will get a refund only after your income tax return is processed. You can check the status of your ITR on the e-filing website of the Income Tax Department.

•To get an ITR refund, your bank account should be pre-validated. In case the bank account is not pre-validated, you will not receive a refund.

•E-verify your income tax return to get a refund. As per the latest rules, you need to verify your ITR within 30 days of filing it. So, if you haven't e-verified your return, you will not be eligible for an ITR refund.

•Your income tax refund can also be delayed if you have any outstanding demand pending from the previous financial year. If there is any outstanding demand pending, then your income tax refund will be adjusted against that demand.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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