New Delhi: After submitting your Income Tax Return (ITR) for the financial year 2023-24, you can check your tax refund status on the income tax e-filing portal, incometax.gov.in. A step-by-step guide to the process for checking ITR status online on the websites of the Income Tax and the National Securities Depository (NSDL).
Check ITR refund status online using PAN card
A detailed guide to check your income tax refund status using your PAN number.
Visit income tax e-filing portal – incometax.gov.in and log in with your ID and password. Important note: If an individual’s PAN is not linked with the Aadhaar, the person will see a pop-up message reading that PAN is made inoperative as it is not linked with your Aadhaar. To complete the linking process, click on Link Now button else click Continue.
Next step is to go to the ‘e-File’ tab and click ‘Income Tax Returns’
You can check the ITR refund status by clicking on View Details and you can also check the life cycle of filed ITR.
Also, if a taxpayer’s PAN is inoperative, the refund will fail and a warning message to link your PAN with the Aadhaar will be displayed on screen.
Reasons of ITR refund failure:
A ITR refund may fail to get credited to your bank account if the bank account is not pre-validated as it is mandatory to pre-validate your bank account.
The Income Tax Return refund can get failed if the name mentioned in the bank account does not match with PAN card details.
Invalid IFSC code can also fail ITR refund.
If the account that you have mentioned in the ITR has been closed.
What is Income Tax Refund
Income tax refund is referred to the refund amount that is initiated by the Income Tax department if the amount paid in taxes exceeds the actual amount due (either by way of TDS or TCS or Advance Tax or Self-Assessment Tax). The I-T department kickstarts the refund process only after the return is e-verified by the taxpayer.
A tax payer needs to have a valid user ID and password to apply for tax refund status, PAN is linked with Aadhaar number and ITR filed claiming refund.
A tax payer can check tax refund status on the income tax e-filing portal, incometax.gov.in. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
