Thursday 1 August 2013

How to know status of Income Tax REFUND

All you need is: PAN Number and Assessment Year


Go to https://tin.tin.nsdl.com/oltas/refundstatuslogin.html and enter your PAN number and choose the Assessment year and click on submit.
This will give you the current status of your income tax refund. You can also track the status of the income tax refund by contacting the help desk of SBI’s at toll free number: 18004259760 or email them at itro@sbi.co.inor refunds@incometaxindia.gov.in


Website - https://tin.tin.nsdl.com/oltas/refundstatuslogin.html
Call at Toll free number 18004259760
Email at itro@sbi.co.in or refunds@incometaxindia.gov.in

Also Read : Belated ITR fling rules and other aspects

Some important points about Income Tax Refund:
1. Note that the income tax refund is valid only if you file your income tax return on time.
2. If you delay the income tax return filing, in that case you will lose the interest on your refund money
3. Filing your tax return online will help you to get tax refund faster than offline return filing. So…go online.
4. The State Bank of India (SBI) is the refund banker to the Income Tax Department (ITD). So State bank of India sends the income tax refunds
5. Refunds are generated in two modes i.e., ECS and paper. If the taxpayer has selected mode of refund as ECS (direct credit in the bank account of the taxpayer) at the time of submission of income return the taxpayer’s bank A/c (at least 10 digits ) and IFSC code of bank branch are mandatory . For taxpayers who have not opted for ECS refund will be disbursed by cheque or demand draft.
6. The status of the refund would be available for tax payers, only 10 days after the refund has been sent by the Assessing Officer to the refund banker.
7. Refund status can be viewed only if you have received an acknowledgement from the IT department of having received the ITR form.

About the Author: Manoj Harchandani is a certified TRP (Tax Return Preparer), authorized by Income Tax Department, Government of India. He is a tax planner and investment advisor. If you need ITR filing assistance, tax advice, tax saving tips, short term/ long term investment advice, please write him at manojh.trp@gmail.com

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1 comment :

  1. Thanks for sharing the informative post on Income Tax Refund Status. I read it and find it very useful.

    ReplyDelete