ITR processing delays reasons: Why your tax refunds are stuck? know details here

Income Tax Refund Delayed: According to the information given by the Income Tax Department, 7.28 crore returns have been filed till the last date. After filing ITR, tax payers wait for their refund. Because now after July, the month of August is also going to end, so everyone is eagerly waiting for the refund.

The last date for filing ITR was 31 July. According to the information given by the Income Tax Department, 7.28 crore returns have been filed till the last date. After filing ITR, tax payers wait for their refund. Because now after July, the month of August is also going to end, so everyone is eagerly waiting for the refund.

Income Tax Refund Delayed: If you are still waiting for the refund even after filing ITR on time, then this information is going to be useful for you. Here you need to understand that there can be many reasons for the delay in getting income tax refund. These reasons are listed here-

Also Read:- Income Tax Notice: Did you also get 143(1) intimation notice? How to answer? Know everything

Why is there a delay in getting income tax refund?

• ITR not verified
  Not only filing ITR, but also verifying ITR is important. It is necessary to verify ITR using Aadhaar OTP. If this is not done, there may be a delay in refund.
• Error in account details
  If you have given wrong information about your bank account, then this can also be the reason for delay in refund. This can happen due to bank account number, IFSC code, micro code or wrong name.
• Filing wrong return
  If you have filed ITR return but any kind of information in the return is incomplete or wrong, then a notice is received under section 139 (9). 15 days are also given to correct this mistake. In such a situation, this can also be the reason for delay in refund.
• High amount
  If you have filed ITR and are now waiting for refund, then high amount of refund can be the reason for delay. Income Tax Department closely examines the refund of high amount. Only after this the refund is processed.

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