Home / Business and Economy / ITR Refund Delays: Why Are Taxpayers Still Waiting?
ITR Refund Delays: Why Are Taxpayers Still Waiting?
11 Dec
Summary
- ITR refunds are delayed due to verification issues and data mismatches.
- Taxpayers can check refund status on the income tax portal online.
- Linking PAN with Aadhaar is crucial for timely tax refunds.
Taxpayers are experiencing significant delays in receiving their Income Tax Return (ITR) refunds, even after the filing deadline has passed. While the majority of refunds have been processed, a notable number remain pending. These delays are reportedly due to a combination of factors including stricter verification processes, discrepancies in submitted data, and seasonal processing backlogs, rather than any systemic issue.
The income tax department requires returns to be e-verified before processing refunds, which usually takes between four to five weeks to be credited. However, issues such as incorrect bank account details, failed Aadhaar-PAN linking, or discrepancies in submitted financial information can significantly prolong this timeline. Taxpayers are advised to meticulously check their submitted data for accuracy.
To track refund status, taxpayers can visit the income tax e-filing portal and log in to view their filed returns. The portal will indicate whether a refund has been issued, is under review, or requires additional information. It is critical to ensure that PAN is linked with Aadhaar and that bank account numbers and IFSC codes are accurate to prevent refund failures.
