Refund not received yet after filing ITR, know why your money is stuck

The last date for filing income tax return has ended on 31 July 2023. Now people are waiting for their tax refund. Know why your money is stuck?

Have you filed your income tax return in July? Then you will have to wait to get the tax refund, probably for this you must have checked your bank account many times. Is it that your refund is stuck, do you know how much time it takes to get refund after filing income tax return?

The most important task after filing the income tax return is to e-verify it. Without this, the Income Tax Department does not even start the process of refunding the tax. Therefore, first of all you should ensure whether you had e-verified the return or not. However, you can also get the return verification done manually.

It takes time for tax refund to come

After the income tax return is e-verified, the income tax department starts your tax refund process. Generally, after the refund process starts, the money gets credited in your account in 4 to 5 weeks. In some special cases, the process of tax refund is completed in 7 to 8 days.

It is worth noting that the Income Tax Department issues your tax refund only after processing the ITR. Under Section-143(1) of the Income Tax Act, information about your refund process is sent to you on e-mail. At the same time, you can also get its updates by login on the Income Tax Portal.

It is necessary to process ITR within 9 months

By the way, the income tax department has been filed for the financial year for which the income tax return has been filed. Income tax return has to be processed within 9 months of its completion. Accordingly, if you have filed the income tax return for 2022-23 in July, then the department will have to process the return by December 2023.

What to do if tax refund has not come?

If your tax refund is not received within the period mentioned above even after your income tax return is processed. Then you should check whether there is any error in your ITR. In this situation, the Income Tax Department can send you an 'intimation notice', in which it can demand any document or other information from you.