New Delhi: Many times it happens that you filed your income tax return within the stipulated time limit, but you did not get the refund. Actually, many factors work in getting income tax refund. If there is a mistake in any one of these factors, then there may be a delay in ITR refund. If it has happened to you too that you have filed your ITR within the stipulated time limit and your tax refund has not come yet. So let us tell you what you should do in such a situation.
If the process of your income tax refund is stuck for a long time, then you should file a refund-re-issue. Even after this, if you do not get the tax refund amount, then you can complain about it to the department.
Under what circumstances will you get a tax refund?
The Income Tax Department will refund you the tax when you have already deposited the tax amount and that amount is more than the tax liability. This tax liability is calculated by the Income Tax Department taking into account all deductions and exemptions at the time of assessment.
What to do if tax refund is withheld?
It does not happen that you file your income tax today and your tax refund comes in a day or two. Actually, it takes some time for the ITR refund to come and some process has to be completed. To get income tax refund, it is necessary that your ITR is verified, only then you will get the refund.
How long does it take to receive a refund?
Let us tell you that usually ITR refund reaches the taxpayers' bank account within 4 to 5 weeks of processing of income tax return. If you do not get the refund within 4 to 5 weeks, then you should take action as per the points mentioned above. Often people make mistakes while filing ITR in a hurry, due to which they do not get tax refund.