Once you have filed your income tax return (ITR) and verified it, the Income Tax (I-T) Department starts processing your return. Refund, if any is due, is issued only after processing is complete. Normally after verification, the u2018statusu2024 of your ITR would be u2018Successfully Verifiedu2024 or u2018successfully e-Verifiedu2019. After processing is complete, the status would be u2018ITR Processedu2019.Consequently, one can buy things online, purchase policies and can also go for online money transactions. On the top of this now you can easily file Income tax returns online and can also track the status of your Income Tax Refund. This allows the Taxpayers to view the status of their refund within 10 days of applying for the refund. All you need to do is to type in your Permanent Account Number (PAN) and pick the year of your Assessment.You need to complete the online filing of Income Tax Refund. It is advised to e-file your returns this year as this helps you to process your Tax Refund faster. Here we will discuss the process of checking the status of Income Tax Returns in case you have not received the refund of the Income Tax Returns that you filed this year.There can be several reasons responsible why you have been unable to receive the refund till date. It might be possible that your Income Tax Return is not processed yet. You will certainly receive the refund if the department receives the filing of the returns.In order to check your IT Return filing status online, you need to login into your e-Filing of the official Income Tax website and visit u2018My Accountu2024 and from there go to u2018My Returns Formsu2019. Another case may be that your Income Tax Department might have processed your Income Tax Return but the Income Tax Department was unable to determine the refundSteps to file Returns OnlineFirst of all, you need to first register or login (in case if you have already registered) on the home page of the website.When you will type in your PAN number, you will get to know if you have already registered or not. It can be possible that you might have filed your returns online before, so it might be possible that your registration already exists.Therefore, you need to first check your inbox for u201chttp://www.incometaxindiaefiling... [dot] inu201d to seek any piece of useful information. If you have memorized your password, then login to the website. You must remember that your PAN number is your User ID.In case you have forgotten your password, then you have to reset it. There are cases when we are unable to reset your password by the options they provide, so you can send the mail to validate@incometaxindia.gov.in and fill in the required details mentioned below:PAN:Name of the PAN Card Holder:Fatheru2019s Name:Date of Birth:Registered PAN address:Verifying the Income Tax Returns:One of the first things to be done immediately after e-filing, the taxpayer has to e-verify or dispatch his ITR-V to CPC Bangalore. Here are the steps on how to go about this process:There are two methods to verify the Income Tax Returns (ITR). First is the electronic verification. After logging into the official portal of the government, go to the main menu and navigate to u2018E-Verify Returnu2024 option.The Aadhar Card can be linked with PAN number to generate an OTP, or One Time Password. The password will be delivered to the taxpayeru2019s registered mobile number, which can be used to validate the e-filing.An electronic verification code (EVC) can also be generated to verify the ITR. The EVC gets delivered to both the mobile number and email id of the taxpayer. However, the EVC method of verification can only be used by taxpayers with annual income more than Rs 5 lakh.Tracking the ITR-V Receipt Status:In case the taxpayer has opted for ITR verification, then it is important to track its status regularly. At times, during a non-receipt of the ITR due to postal loss can be intimated by the IT department, which can be missed if not tracked.Once they receive the form, an acknowledgement email is sent to the taxpayer. The email is sent one month after the receipt of the income tax returns verification document.The status of the ITV-R form can be checked as follows:An acknowledgement email to sent to the taxpayeru2019s verified email ID, mentioned in the ITR. Since such mails can often end up in the Spam folder, it is advisable to check all folders.The status can also be checked using the PAN, year of assessment, or e-filing acknowledgment number that is found under the status tab of the u2018Servicesu2024 section of the e-filing website.Tracking the Intimation Status:Post the e-verification, which takes almost a month, the IT department sends an email intimation, under Section 143(1). Details such as total tax paid, total TDS deducted, and deductions, if any are available in the intimation. Any information regarding the difference in the amount of income tax paid, deductions, income, TDS, or income tax payable is also provided.There are two columns where the status is intimated. One is the income tax as provided in return of income by taxpayer. The other is income tax payable calculated under Section 143(1). It is essential to analyse the intimation under Section 143(1) provided by the IT Department, so that you are aware of any alterations or mistakes in the details provided by you.In some cases the intimation may specify difference between the tax paid and the amount computed by the Department. This is referred to as Notice of Demand under Section 156. In such instances, the taxpayer will have to pay additional tax if specified by the intimation.Tracking status of tax return:Social Security u2024 The IRS or SSN that is shown on the tax return must be entered by you.Filing status u2024 You must ensure that the Filing Status shows up on the tax return.Refund amount u2024 The entire amount that is being refunded must be entered as shown on the tax return.Tracking Status of Income Tax Refund:When the income tax computed by the IT Department is more than the amount paid, the taxpayer can claim for a refund. The refund will be deposited in the taxpayeru2019s bank account, as furnished in the income tax return form. Status of the tax refund status can be checked by logging to the registered account from the Government Website. After the income tax return (ITR) gets processed, it can be checked at TIN Website.Ways to check status of ITR:After filing your return, if you want to check what stage it is at, here are 2 easy ways to check the status of your ITR:1. Using acknowledgement number without login credentialsOn the homepage of the e-filing website, on the extreme left under the services tab, youu2019ll find the option to check the ITR Status.Once you click the ITR Status option, youu2019ll be redirected to a new page where you need to fill out your PAN number, ITR acknowledgement number and the captcha code.After you fill out your details and submit, the status will be displayed on your screen.2. Using login credentialsLogin to the e-filing website and on the dashboard youu2019ll see an option u2018View Returns / Formsu2019.Go the u2018View Returns / Formsu2024 option, select income tax returns and assessment year from the dropdown menu and submit.On submitting, the status will be displayed on the screen showing if the ITR is only verified or if it has been processed.You can apply for an attractive offer with best possible Rate of Interest and Terms for Personal, Business and Home Loan.FundsTiger is an Online Lending Marketplace where you can avail fast and easy Home, Business and Personal Loans via 30+ Banks and NBFCs at best possible rates. We will also help you to improve your Credit Score. We have dedicated Relationship Managers who assist you at every step of the process. We can also help you in Balance Transfers that will help you reduce your Interest Outgo.
