Ad

ITR and Refund Status!!

Income Tax Return Refund status: An In-depth Overview

An income tax refund is like a little financial reward from the Income Tax Department. If you have paid more in taxes than your actual dues (thanks to TDS, TCS, Advance Tax, or Self-Assessment Tax), the IT department will kindly refund the extra amount. This happens after they have worked out your tax situation, factoring in all the deductions and exemptions.
ITR Refund Status

The refund process is subject to verification and processing by the Income Tax Department. Remember, the refund process starts only after the Income tax return is verified. Usually, it takes about 4 to 5 weeks for the refund to get the amount credited in your pre-verified bank account. Speaking of which, you need to make sure you have gotten at least one bank account pre-validated for ITR e-verification.

It is advisable to check for any intimation about any discrepancies in your ITR and to keep an eye on your inbox for any emails from the IT department about your refund.

Pre-requisites for availing this service.
o. Make sure you have a Valid User ID and Password.
o. make sure PAN is linked with Aadhaar number.
o. ITR filed claiming refund.

Step by Step guide to check ITR Refund status

  1. Login to e-Filing portal
    2. For individual users, if PAN is not linked with the Aadhaar, you will see a pop-up message saying your PAN is made inoperative as it is not linked with your Aadhaar.
    No worries, you can link them now, by clicking the continue button.
  2. View Filled Returns
    3. After successful login, you will get a screen with your latest filing details. You can check the refund status for the desired Assessment year. Now you can click on "View Details" to check the life cycle of filed ITR.
  3. Refund Status
    • Refund Status - Issued
      • Refund Status - Issued.
    • Refund Status - Partially adjusted.
      • Refund Status - Partially adjusted
    • Refund Status - Fully Adjusted.
      • Refund Status - Fully Adjusted
    • Refund Status - Failed.
      • Refund Status - Failed
    • Refund is not paid as Bank returned the amount.
      • Some Possible Scenarios:
      o. The Bank account is not pre-validated. It is now mandatory to pre-validate the bank account.
      o. The name mentioned in the bank account does not match with PAN card details.
      o. In case of an invalid IFSC code.
      o. If the account that you have mentioned in the ITR has been closed.

Income Tax Return Status: An In-depth Overview

The status of your Income Tax Return (ITR) reflects the current stage of its processing. It is a crucial indicator that informs you whether your filed return has been successfully accepted and processed by the Income Tax Department. Regularly monitoring your ITR status is advisable to stay informed about its progress and address any discrepancies promptly.

Understanding the Different ITR Statuses:

  • Submitted and Pending for e-Verification / Verification
    • This status arises when you have filed your ITR but have not yet e-Verified it, or your signed ITR-V has not reached the Centralized Processing Centre (CPC) yet.
  • Successfully e-Verified / Verified:
    • This status indicates that you have submitted your ITR, successfully e-Verified or verified it, but the processing is yet to commence.
  • Processed:
    • Once your ITR has been successfully processed, this status will reflect that your return has been duly handled.
  • Defective:
    • In case of defects found in your filed return due to missing essential information or inconsistencies, this status is assigned. You will receive a notice (section 139(9)) to rectify the defects within a specified timeframe. Ignoring a defective return can render it invalid and ineligible for processing.
  • Case transferred to Assessing Officer:
    • If your ITR is transferred to your Assessing Officer (AO) by the CPC, this status indicates that your AO will reach out to you for necessary information.

Accessing ITR Status for Different Roles

  • Authorized Representatives / ERIs:
    • If an authorized representative or ERI files an ITR, both the filer and the authorized representative / ERI can view the ITR status.
  • Registered Taxpayers:
    • If you file your ITR as a registered taxpayer, the status will be visible only to you on your e-Filing account.

Checking ITR Status

The ITR Status service is available (pre-login and post-login).
  1. Post-login
    Prerequisites for Post-Login
    o. Registered user on the e-Filing portal with valid user ID and password.
    o. At least one ITR filed on the e-Filing portal.
    This access provides more detailed information, including downloading the return/intimation, ITR-V Acknowledgement, uploaded JSON (from the offline utility) and complete ITR form in PDF.
  2. Pre-login
    Prerequisites for Pre-Login
    o. At least one ITR filed with a valid acknowledgement number.
    o. Valid mobile number for OTP.
    You can use any valid mobile number to view your ITR status. However, a valid ITR acknowledgement number is required for this service without logging in.

Viewing Spouse's ITR Status:

You can view the ITR status of your spouse in the following ways:
  1. Pre-Login:
    2. On the e-Filing homepage, click "View ITR Status" and enter your spouse's ITR acknowledgement number and a valid mobile number.
  2. Post-Login:
    • If you filed your spouse's ITR as an authorized representative, both you and your spouse can view the status.
    • For individual filings, your spouse can check their status in their own e-Filing account.

Locating Your Acknowledgement Number

  • You can check your acknowledgement number from your ITR-V received on your registered email after e-Filing your return. Your ITR-V is also downloadable from the e-Filing portal post login: e-File > Income Tax Returns > View Filed Returns > Download Receipt option.
  • You can also check your acknowledgement number (post login) for a filed ITR on the e-Filing portal using the View Filed Forms service.
  • You will find the acknowledgement No. on the left top corner of the ITR-V (acknowledgement copy) of ITR filing.

Check ITR status!

Without login to e-filing portal
o. Visit the Income Tax e-Filing Portal page
o. Provide "Acknowledgement No" of the taxpayer and a valid "Mobile Number".
o. Click “Continue” and you need to provide the OTP received on mobile number.
o. After successful verification of the Mobile number, the Refund status will be shown on the next screen.
By login to e-filing portal
o. Visit the Income Tax e-Filing Portal page
o. Log in to the e-Filing portal using your valid user ID and password.
o. Once your login is successful, click on e-File > Income Tax Returns > View Filed Returns
o. On the View Filed Returns page, you will be able to view all the returns filed by you. You will be able to download the ITR-V Acknowledgement, uploaded JSON (from the offline utility), complete ITR form in PDF, and intimation order.
o. Click Filter to view your filed returns based on different criteria (AY or Filing Type) and you can export your returns data to excel format.
o. Click View Details to view the life cycle of the return and action items related to it (e.g., returns pending for e-Verification)
Precautions for OTP
o. OTP will be valid for 15 minutes and have only 3 attempts.
o. The OTP expiry countdown timer on screen tells you when the OTP will expire.
o. On clicking Resend OTP, a new OTP will be generated and sent.

If you have any concerns about your refund or need further assistance, you can also reach out to the Income Tax Helpline or contact the Income Tax Department directly.

References


Legal Disclaimer: The information provided is based on the current IT laws for FY 2024-25, FY 2022-23 and FY 2023-24 and readers should verify details with relevant authorities. Keep in mind that the process and options might vary slightly based on updates to the Income Tax e-Filing portal or changes in procedures, so it is a good idea to refer to the latest guidance available on the portal.


Popular Posts