Know Your Refund Status: Now only 4 days are left in the deadline for filing income tax return for the current assessment year. Although the Income Tax Department is processing the returns fast.
Income Tax Refund Update: There are only four days left in the deadline for filing income tax returns for the assessment year 2023-24 i.e. the financial year 2022-23. The deadline for filing returns is 31 July 2023. Meanwhile, the Income Tax Department is speedily processing the filed returns.
So many crore returns filed so far
According to the information available on the portal of the Income Tax Department, so far 11.44 crore individual taxpayers have been registered on the portal. Talking about the current season i.e. assessment year 2023-24, so far more than 4.75 crore income tax returns have been filed. Out of these, about 4.24 crore income tax returns have also been verified.
So many people got money
According to the information given on the portal, the Income Tax Department has so far processed about 2.55 crore verified income tax returns. Most of these refund money has been credited to the eligible taxpayer’s account. Now after filing of income tax return, it is taking hardly 8-10 days for its processing and refund credit.
This is how you will know the reason
Although there are many people who have filed the return long ago, but their refund has not yet come. In such a situation, first of all you should check the status of your income tax return. From that you will know why your refund is stuck.
Pay attention to these two things
The biggest reason for stuck refund is not verifying the income tax return after filing it. Keep in mind that the work of filing returns is not complete without verifying them. You can verify your return online or offline at your convenience. Apart from this, many times people make mistakes in the details of the bank, due to which the refund also gets stuck.
Do not give any wrong information
Your income tax refund money should not get stuck due to these reasons, for this a little care is needed while filing the return. Always remember not to give any wrong information. If the information is found wrong, the refund will not only be stuck, but a notice can also come from the Income Tax Department.
