An individual has shared an extraordinary experience of getting two Income Tax Returns ( ITRs ) processed within just three hours of filing and the refund also credited to respective bank accounts within that short time.
Sharing Prof. A D Vyas appreciation on social media, he described it as a “miracle” and “an extraordinary achievement” by the Income Tax Department under the leadership of Union Finance Minister Nirmala Sitharaman.
The screenshots of the refund status and ITR processing intimation messages were also shared with the post.
According to the post, filed two ITRs for his retired parents at 1 PM, and by 4 PM the same day, both returns were processed and the refunds were credited directly to the respective bank accounts.
https://x.com/vyasad/status/1941469023704948817
“Hats off to a super-efficient team of #IncomeTax under the great leadership of Hon. Min @nsitharaman Mam, @nsitharamanoffc, thanks @narendramodi ji. Yes, this is New India, #ModiHaintoMumkinHai.”
After being tagged to prominent public personalities and top officials, the post has garnered a lot of attention, with many people praising the department’s turnaround time as a brilliant illustration of digital transformation and good governance in the provision of public services.
The department replied with “Glad to hear that. Thank you for the acknowledgement.”
Comprehensive Guide of Law and Procedure for Filing of Income Tax Appeals, Click Here
ITR Processing and Refund Time
The income tax department states that refund processing does not begin until the taxpayer e-verifies the return. The refund typically takes 4 to 5 weeks to appear in the taxpayer’s account.
If the taxpayer does not receive their return within this time frame, they should check their email for any notifications from the IT department regarding the refund and inquire about any discrepancies in their ITR. Using the procedure outlined below, the taxpayer can also check the status of their refund on the electronic filing.
As previously stated, there have been instances where the refund was obtained in a matter of hours and others where individuals have been waiting for their ITR refund for almost two years.
How check your ITR Refund Status
Step 1: Visit the Income Tax e-Filing Portal.
Step 2: Log in with your User ID (PAN), password, and captcha.
Step 3: Go to ‘View Filed Returns’ under the ‘e-File’ tab.
Step 4: You’ll see a list of your filed ITRs, find the relevant Assessment Year and click ‘View Details’.
Step 5: The refund status will be shown under ‘Status’. You can also download the ITR-V or acknowledgement for more details.
If Refund is Delayed
- Check if your bank account is pre-validated and linked with your PAN.
- Ensure that your ITR is verified. If it shows unverified, then the return is not processed.
- If the status says Refund Failed, you may need to update your bank details on the portal and raise a Refund Re-Issue Request.
Other reasons of refund failure:
1. In case the bank account is not pre-validated. It is now compulsory to pre-validate your bank account.
2. The name mentioned in the bank account does not match with PAN card details.
3. In case of an invalid IFSC code.
4. If the account that you have mentioned in the ITR has been closed.