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Income tax refund: Individuals who have pending income tax refund due to the fact that their income tax return (ITR) was not processed by the income tax department would now get their income tax refund by April 30, 2024. However not all individuals would get tax refund, read here to know who gets and who does not.
The Income Tax (IT) department is contemplating launching campaigns to aid taxpayers, alongside their proactive efforts to expedite refund processing through alternative means, said the report.
In any case of change in bank branch, bank account account number, IFSC code, after last validation, you need to update account details on e-filing portal and revalidate it.
ITR Filing 2023: The Income Tax Department has in a notification recently highlighted that numerous instances in which ITRs have been processed, and refund amounts have been calculated.
Why you have not received ITR Refund till now? Some of the ITR filing cases go for scrutiny by the Income Tax Department to ensure accuracy and compliance. If your return has gone for scrutiny, then the ITR refund will take time to be credited to the account.