ITR Refund Status 2023-24 Timeline, Login, Status Check, In How Many Days

This article provides vital information about ITR (Income Tax Return) Refund Status for the fiscal year 2023-24, covering details such as Timeline, Login, Status Check, and expected processing duration. The Income Tax Department refunds taxpayers who have paid an excess amount of tax beyond their actual tax liability. Taxpayers can apply for a refund by filling out the ITR. To track their refund status, they can use the online facility provided by the Income Tax Department, available ten days after filing the ITR.

ITR Refund Login 2023-24

The process of ITR processing is straightforward. Once the taxpayer completes and verifies the return electronically or by submitting a physical copy of the ITR-V acknowledgement, the refund processing commences. view more on sarkari result The Centralised Processing Center then verifies the taxes and determines the refund eligibility. Once the verification is complete, the income tax refund is generated and directly credited to the taxpayer’s bank account.

ITR Refund Timeline 2023-24

Taxpayers eagerly await their refunds, and while it is challenging to provide an exact timeframe for receiving the refund, it usually takes between 10 to 30 days or longer. However, taxpayers who apply early and correctly fill out the application are likely to receive their refunds sooner.

ITR Refund Status Check 2023-24

To check the ITR refund status, taxpayers must log in using their User ID, Password, and DOB/Date of Incorporation. The refund status can be checked through two methods: The Income Tax E-filing Site and the TIN NSDL Site. Both methods require the taxpayer’s PAN Card number and the assessment year.

Using The Income Tax E-filing Site, taxpayers can log in, access the “My Account” option, and select “Refund/Demand Status” to view their ITR refund status, which will be displayed on the screen.