Once again the round of filing Income Tax Return has started. The deadline for filing Income Tax Return for the financial year 2021-22 (FY22) i.e. assessment year 2022-23 (AY23) is slowly getting closer. At present, the last date for filing ITR is 31st July. Since its deadline increases almost every year, due to this lakhs of taxpayers have not yet filed their income tax return. However, the Income Tax Department is repeatedly warning people to file income tax returns without waiting for the deadline.
Do not follow the expectation of increasing the deadline
There are a few things that taxpayers need to keep in mind while filing ITR. A small mistake can get your Income Tax Refund stuck. First of all, do not sit on your hands hoping to increase the deadline. Like before, this time too the deadline should increase, it is not necessary. If the deadline is not extended, then delaying may cost you dearly. In this case, you may have to forfeit the full refund. Apart from this, by paying attention to some important things while filing ITR, you can save a part of your hard earned money. Let us know what are the important things to keep in mind while filing ITR.
double check this information
In most cases of refund getting stuck, the reason is due to the error in the bank account details. If you have entered your account details wrong while filling the form, then your refund may get stuck due to this. While filling the ITR, make sure that all the details related to the bank account are correct. It is also necessary to link the bank account with the PAN card. If you haven’t done this yet, then do it right away. On the other hand, if you have filed the return and after that you come to know that there is a mistake in the details of the bank account, then in such a situation you will have to correct the details of the account on the site of the Income Tax Department.
You can check refund status like this
Even though lakhs of people have not filed returns yet, there are a large number of people who have filed returns. In some time, such people will start getting the refund of income tax in the bank account. Let us know what is the process of checking income tax refund status. Will happen. After that login by entering user id and password. After that, in the e-file option, you have to select Income Tax Returns. Next, the ITR status will appear and you will see the date of issue of tax refund. Along with this, it will also be known how much amount you are going to get.
