Many taxpayers are experiencing
delays in receiving income tax refunds, causing frustration and concern. The
Income Tax Department has updated certain rules this year, and following them can help ensure
faster processing of refunds.
Why Refunds Are DelayedMismatch in ITR Details:Incorrect or mismatched
PAN, bank account, or salary details can cause delays.
Incomplete Documentation:Missing or incorrect
TDS certificates, Form 16, or other supporting documents can slow down refund processing.
ITR Processing Backlog:A large number of filings in the current year has led to a
processing backlog.
How to Get Your ITR Refund FasterVerify Your ITR Immediately:Ensure your
Income Tax Return (ITR) is verified via
Aadhaar OTP, Net Banking, or EVC. Unverified returns
cannot be processed for refunds.
Correct bank Details:Make sure your
bank account is linked with PAN and entered correctly in the ITR.
Check for Mismatch in TDS/Income Details:Verify that
Form 26AS and Form 16 match the income and tax details you reported in ITR.
Use Direct Deposit Option:Refunds are processed faster if the account is
pre-validated in the Income Tax Portal for
electronic credit.
File Revised ITR if Necessary:If mistakes are found in your original filing,
file a revised return immediately to avoid delays.
ConclusionWhile ITR refund delays are frustrating, following these steps ensures
your refund reaches you faster. Double-check your details, verify your return, and keep your bank information up-to-date to
avoid unnecessary waiting.
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