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ITR Filing: Refund not received even after a month of filing income tax return, know when will you get the money?
Income Tax Refund: The last date for filing income tax returns without penalty for FY 2023-24 and assessment year 2024-25 is July 31, 2024. Most of the people have filed their returns but have not received their refund even after a month of filing the return.
If this has happened to you and you are waiting for a refund, then let us tell you how long it may take to get a refund.
After filing the income tax return, the income tax department first approves it. Without approval, no refund is given. This approval determines how much refund you will get.
According to experts, it takes at least 20 days after filing the income tax return. Also, it can take a maximum of 9 months for the department to issue a refund for one assessment year.
In such a situation, refund for the returns filed in July can be obtained till 31 December 2024.
