
Taxpayers who have filed their income tax returns and are waiting for a refund can now track its status on the e-filing portal incometax.gov.in. A refund arises when tax paid exceeds the…
Taxpayers who have filed their income tax returns and are waiting for a refund can now track its status on the e-filing portal incometax.gov.in. A refund arises when tax paid exceeds the final liability, due to excess TDS, TCS, or deductions.
To check, log in, go to e-File > Income Tax Returns > View Filed Returns, select the assessment year, and click 'View Details'. Alternatively, use the 'Know Your Refund Status' service. The portal shows whether the refund is under processing, issued, or adjusted against an outstanding demand. Refunds are generally credited within four to five weeks, though timelines vary, says Sundeep Agarwal of Vialto Partners.
The Income Tax Department promises refunds in four to five weeks, but many taxpayers report waiting months. The narrative that delays automatically mean something is wrong feeds anxiety. The real test is not the portal status but whether your bank account is pre-validated and your PAN linked to Aadhaar. The question to ask: how many refunds actually hit accounts within the stated window versus how many get stuck at 'under processing' for no clear reason?
Source: timesofindia.indiatimes.com
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