Wednesday, February 1, 2023

Income Tax Refund: the government has given this great news; is your name in the list or not

Income Tax Refund: Refunds are continuously being issued by the Income Tax Department for the financial year 2022-23. In the information given by the Income Tax Department last few days, it was told that so far income tax refunds of Rs 2.15 lakh crore have been issued to the taxpayers. A refund amount is being issued to the taxpayers since April itself. To know whether your refund has come yet or not, you need to check the refund status.

Issuing the return Income Tax Department

After filing ITR, if any kind of refund is made, it is sent to your bank account by the Income Tax Department. Under this, the Income Tax Department is continuously issuing refunds. According to data released by the Central Board of Direct Taxes (CBDT), from April 1 to November 30, the government issued refunds worth Rs 2.15 lakh crore to taxpayers.

66.92 percent more refund issued

This figure of refund is 66.92 percent more in the same period last year. Earlier, till October 8, 2022, Rs 1.53 lakh crore was issued as refund to the taxpayers.

Why did not get refund

If you have not received your income tax refund yet, there could be many reasons for this. Tax refund is getting delayed due to outstanding demand of previous ITR filings. In fact, intimation notices were issued by the department to many taxpayers in the last financial year. But many people did not respond to these or did not update the portal. There is a delay in getting refund to such taxpayers.

Check your refund status like this

First, go to the website of Taxpayer Income Tax Department www.incometax.gov.in.
Now login with a password by entering PAN, Aadhaar number, or User User ID.
Here go to Income Tax Return under the e-file option. After that select, the option of View Filed Return.
Now check the latest ITR filed and go to view details.
Your refund status will appear here. In this, you will get the information on which date the refund has been issued or on which date the refund will be issued.

Read More: ITR Filing: Good news for ITR filers, Income Tax Department started a big facility

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