Refund not coming even after verifying Income Tax Return, these could be the reasons

Refund not coming even after verifying Income Tax Return, these could be the reasons

Income Tax Return: The last date for filing income tax return for financial year 2023 or assessment year 2023-24 has long passed. However, many taxpayers are still waiting for their ITR processing. 

After filing tax return, it is necessary to verify. You are eligible for refund only after verification. However, the refund comes only when the IT department processes it. In such a situation, income tax refund of many people has not yet come and they are waiting for ITR refund. 

If you are also waiting for ITR refund and the refund has not come yet, then there may be some reason due to which the refund is not coming. Here information about those reasons is given. One of the biggest reasons could be that the information you have submitted in the return is not matching with Form 26AS or AIS. 

Why is the refund not coming? 

This means that if you have declared some more amount in ITR and AIS documents claim more or less amount then your ITR may get stuck, for which you will have to fill ITR again. 

If you have paid less tax and filed ITR, then a notice will be sent to you by the Income Tax Department and you will be asked to make the full payment. Also will ask to declare the correct amount. You can get refund by filing revised ITR. 

When will the processing happen? 

The Income Tax Department will not process your return unless all the information is filled correctly and verified, which means there will be further delay in getting your refund. In such a situation, you should complete this work as soon as possible. 

Read this also 

Crude oil: Crude oil started boiling, it increased so much in no time, will the prices of diesel and petrol increase now?

Get more latest business news updates

Scroll to Top