Friday 19 August 2022

ITR Refund Quick Process

ITR Refund Quick Process


Under the income tax and other Direct Tax laws, tax refunds arise in those cases where the amount of tax paid by a person (or paid on his/her behalf) is greater than the amount on which he/she is properly chargeable. When you file the return of your income, you can avail tax refund. There are two ways for Eligible taxpayers to check their ITR refund status online:

 

through the official website of the Income Tax Department
through the website of the National Securities Depository Limited (NSDL)
 

Mandatory Requirement: Taxpayer’s PAN.

 

Steps to check ITR refund status via Income Tax Portal:
 

Visit the Income Tax Department’s website
Login using PAN and user id credentials.
Select the tab ‘My Account’ and click on ‘Refund/Demand Status’.
Select ITR and click on your acknowledgement number, from the drop-down menu.
A new web page / tab with all tax details, including refund status will open.
Refund status / details can be checked
 

Steps to check ITR refund status via NSDL Website:
 

Visit the site of NSDL @ https://tin.tin.nsdl.com/oltas/refund-status-home.html
Click on the link to proceed with taxpayer refund status.
Enter PAN details and select the Assessment Year 2022-23 / or as applicable.
Click on submit.
ITR status will be visible.
Refund status / details can be checked
 

Notes:

Taxpayers can view status of refund 10 days after their refund has been sent by the Assessing Officer to the Refund Banker.
 

Status of ‘paid’ refund, being paid other than through ‘Refund Banker’, can also be viewed at www.tin-nsdl.com by entering the ‘PAN’ and ‘Assessment Year’.
 

‘Refund paid’ status is also being reflected in the ‘Tax Credit Statements’ in Form 26AS.
 

Form 26AS is a credit statement which basically contains all the information regarding the details of the tax deducted on your income.

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