Is there a delay in getting income tax refund? Know what could be the big reason for this

Income Tax Refund Delay: If additional documents are required by the tax department for your claimed refund and you do not submit them on time, the refund will be delayed.

 

 

Income Tax Refund: The taxpayer has paid the income tax on time for the financial year 2024-25, but despite this, if the refund processing is not being completed on time, then there can be many reasons for this. Often the main reason for the delay in refund is the mismatch of Aadhaar card and PAN card details. It is mandatory to link PAN and Aadhaar while filing income tax. If there is any kind of error in this, then there will be a delay in getting the refund.

Reasons for delay in refund:

Mistake in bank details

If the bank account number or IFSC code is entered incorrectly while filing the return, the refund will not be credited to your account. Therefore, it is important to ensure that your bank details are correct and updated.

Demand for additional documents

If the tax department has asked for additional documents for your claimed refund and you do not submit them on time, the refund will be delayed. The tax department can also investigate and issue a notice if you provide incorrect information.

Difference in Form 26AS or Form 16

If there is a difference between the information given in Form 26ou may have to give clarification and only then will the refund be issued after verification.AS (Annual Information Statement) or Form 16 and the details of your return, then the refund process is stopped. In this case, y

How long does the refund process take?

The refund process starts from the Income Tax Department when the return is e-verified by the taxpayer. It usually takes 4 to 5 weeks for the money to be credited to the taxpayer's bank account. If the refund does not come even after this period, the taxpayer should check for possible deficiencies in his ITR and carefully read any notification received on the mail from the Income Tax Department.