ITR Status Check: After filing an Income Tax Return (ITR), the biggest expectation is a refund. But sometimes the refund gets delayed. Let us know the reasons for which the refund can be delayed and when can you get the refund.
Have you also filed ITR-2 or ITR-3 and are waiting for the refund. Know when your income tax refund will come and how to check its status.
When will the refund come
Usually, the department starts processing the refund only after e-verifying the income tax return. After this, it may take 30 to 45 days for the refund to come.
If the refund does not come even after so many days, the department will inform you about the mistakes made in the return.
If you have filed the return correctly and have also done e-verification, then you will get the refund within the stipulated time limit.
How long does it take for ITR-2 and ITR-3 refunds
After filing ITR-2, it may take about 20 to 45 days for the refund to come. But sometimes it gets delayed due to some reasons. At the same time, ITR-3 refund also takes almost the same time. Because ITR-3 contains many types of information like business income, which is thoroughly examined.
How many days does the ITR-1 refund come
ITR-1 refund usually takes 15 days. In earlier years, taxpayers who submitted returns only based on Form 16, their returns were processed in less than 10 days and their refund was transferred to their bank account within 15 days.
Last date to file ITR
Let us tell you that the last date for filing a personal income tax return was 31st July 2024, which has passed. In such a situation, now the taxpayer will have to pay a penalty and interest for filing ITR 2024.
How to check the refund status
You can check the status of your refund by visiting the Income Tax e-filing portal. For this, you have to log in and click on the refund status option.
Be patient while waiting for the refund and keep checking updates regularly on the Income Tax Department website. If you are facing any problems, then you can also contact the Income Tax Helpline number.