The last date for filing ITR was 31 July 2022. It’s over. However, you can still file ITR with penalty. But there are many people who have filed ITR but have not received their refund yet. If you are also among such people and wondering what could be the problem, then we are going to give you information about it here.
If ITR has not been filled, then you will have to pay a penalty, if you have not filed ITR yet, then you will have to pay a penalty. Late filing fee of Rs 5000 is charged for filing ITR after the last date. This late filing fee is charged under section 234F. Small taxpayers whose taxable income does not exceed Rs 5 lakh are liable to a fine of Rs 1,000.
Refunds can get stuck due to these reasons, many times the Income Tax Department issues refunds, but people are not able to get them due to mistake in bank account details. This error has been observed in many cases. In such a situation, you should also check your bank account details once.
If the details are incorrect, then correct it by visiting the website of the Income Tax Department. On the other hand, once the department assesses your verified ITR, you will not be able to get a refund. The notice will show whether you will get any refund from income tax or not.
If it does not appear in the notice, it means that your claim has not been accepted. At the same time, it will be issued to you on seeing the refund in the notice. If your bank details are wrong, then for this you will have to request from Income Tax that it be issued again.
If you are filing ITR now, then keep these things in mind , you will need Form 16 to fill ITR. Employees should get this done by talking to their employer. Check TDS and TCS details. Check income and TDS details in AIS form. Along with this, after filling the ITR, it is also necessary to get it verified. The filing process of any taxpayer is not considered complete until he gets his ITR verified. Any person can get ITR verified with the help of 6 methods.
