ITR Filing for FY 2024-25: Refunds, Delays, and How to Check Status:

ITR Filing for FY 2024-25: Refunds, Delays, and How to Check Status Non-audit taxpayers had extra time to file their Income tax return (ITRs) for Financial Year 2024-25 (assessment year 2025-26), with the deadline extended to September 15, 2025. Refunds are usually processed within 4-5 weeks. Sometimes, taxpayers worry when they won't receive their ITRs on time; such delays happen if the return isn't verified and the Income Tax Department is still checking the details, or may be there are minor mistakes in the return that cause the delay.

Reasons for Delays

Some of the major reasons for a delay in receiving refunds:

• In case your bank account is not pre-validated as it is now mandatory to pre-validate your bank account.
• The account you mentioned in ITR has been closed.
• The name or details specified in the bank account do not match with PAN card details.
• In case of an invalid IFSC code
• If your PAN is not linked with your Aadhaar card.
• The mismatch in TDS reported in Form 26AS could arise from incorrect filing of TDS returns by the employer or other deductor, such as banks.

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Income Tax Refund Status

Here's how to check income tax refund status step by step: Step 1: Visit the official website of Income Tax India (www.incometax.gov.in). Step 2: Log in to the portal (by using the registered user ID, PAN, password, and the captcha code). Step 3: Search 'View Returns/Forms.' Step 4: Tap on the 'Select An Option' link and then on the 'Income Tax Returns' link from the drop-down list. (Fill in the assessment year and click on submit). Step 5: To check details, click on the ITR acknowledgment number to know the ITR refund status. In case there are some issues in your ITR bank details, it will show: 'No Records Found; check e-filing processing status by visiting via e-file, then Income Tax Return, then View Filed Returns.' The 'refund paid' status is also recorded in the 'Tax Credit Statements' in Form 26AS.

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The Income Tax Department requested taxpayers to confirm information on any discrepancies and check emails on a regular basis for any notifications if the refunds have not been processed within 4-5 weeks. In case your tax hasn't arrived yet, ensure that you've verified your ITR because e-verifying your ITR is mandatory, and without e-verification, the ITR process is not completed and will be considered as invalid.