The development comes amid several difficulties being faced by taxpayers with respect to the new e-filing portal of the Income Tax Department. Several taxpayers are yet to file their Income Tax Returns (ITRs) due to the issue.

Usually, the refund is issued within 10 days of filing ITR but the same can be delayed due to myriad reasons.   However, if you are yet to receive your refund, you can check it status on I-T department’s website ‘incometaxindia.gov.in’.

The tax department initiates ITR refunds when tax paid is more than actual tax owed to the department. For salaried individuals, this might occur in cases where all investment proofs are not furnished to the organisation which leads to more tax deducted at source by the employer that actual tax liability for the particular financial year.

Refunds are also initiated when excess Tax Deducted at Source (TDS) is deducted on your interest income from bank FDs or bonds. Other cases include when advance tax paid on self-assessment exceeds tax liability for the applicable fiscal as per the regular assessment and in case of double taxation.

Taxpayers can also check refund status on the website of the National Securities Depository Ltd (NSDL) website or the Income-tax department’s e-filing portal.

NSDL website: Put PAN and Assessment Year (AY) details and click on ‘Proceed’. Your income tax refund status will be displayed.

e-filing portal Log in to the e-filing portal of I-T department by clicking here. Select View Returns/ Forms. Go to ‘My Account’ tab and select ‘Income Tax Returns’. Click submit. Click on the acknowledgement number. A page showing your return details along with income tax refund status will appear.

Source: https://www.timesnownews.com/business-economy/personal-finance/article/i-t-dept-issues-refunds-to-24-lakh-taxpayers-check-status-online/807682