ITR Not Processed Yet? Try these 4 Things!



Quick Summary
If your Income Tax Return (ITR) hasn't been processed, there are several steps you can take. Firstly, ensure you have e-verified your return within 120 days of uploading, as this is crucial for validity. Secondly, check for any discrepancies between your reported tax credits and Form 26AS, and resolve these by filing a revised return or asking your deductor to do so. Thirdly, review your ITR for common errors such as missed income, incorrect deductions, or improperly filled schedules, and submit a revised, e-verified return if necessary. Finally, address any outstanding tax demands by responding to notices on the e-filing portal, either by agreeing and paying or by providing reasons for disagreement.

After a successful filing of ITR, the Income Tax Department processes the same and communicates to you via email. In case, due to any reason your ITR is not processed, the concerned authorities may ask you to explain further or correct your mistakes. In this article, we will discuss the reasons for the non-processing of your ITR and how you can correct the same.

1. E-Verify Your Return

Once you have uploaded your ITR online, you need to verify it to complete the return filing process. In case, you do not verify your return within 120 days of ITR uploading, your ITR may be declared invalid. The easiest way to verify your ITR is via e-verification since it is quick, paperless, safe and you receive instant acknowledgement regarding the same. You may e-verify your ITR using Aadhaar OTP, Netbanking, Bank Account EVC, Demat Account EVC, and DSC.

ITR Not Processed  4 Steps to Resolve Quickly

2. Check your Tax Credit Mismatch and Resolve the Same

Another reason that your ITR hasn’t processed is that there is a mismatch in your Tax Credit as appeared in Form 26AS. In order to check and correct this mismatch, you must login to your e-filing account, and depending on the reason, you may:

  1. File a revised return or,
  2. Ask your deductor to file a revised TDS Return

3. Your ITR Contains Errors

One of the most prominent reasons that your ITR hasn’t processed is that it contains frequently noticed errors.

A discrepancy in your ITR may have arisen on account of failure to:

 
  1. Include certain income(s) like interest income
  2. Include income from the previous employer within the same financial year
  3. Fill/incorrectly filled Schedule 80G in ITR
  4. Mention the exempt income in ‘Schedule EI’ of ITR
  5. Claim Deduction under section 80C accurately

In case of any of the errors listed above, you must file and e-verify a revised return immediately.

4. Outstanding Tax Demand Unresolved

In case you have received a demand notice from the Income Tax Department and have not responded to it, then this may result in the non-processing of your ITR. In this case, you must immediately respond to the demand notice by logging to the e-filing portal. Once you login, you may either choose to disagree with the demand notice, in which case you will have to provide details for such a disagreement, or you may agree to the demand and pay the required amount.

 

So, these are the four things that you can try in order to get your Income Tax Return processed at the earliest. Alternatively, you may also contact the Income Tax authorities and find out the reason for the delay in the processing of your return.

FAQ :

E-verification is a quick, paperless, and safe method to confirm your ITR submission. It's essential because if you don't verify your return within 120 days of uploading, it may be declared invalid, preventing processing.

To resolve a tax credit mismatch with Form 26AS, log in to your e-filing account. You may need to file a revised return or ask your deductor to file a revised TDS return.

Common errors include failing to include certain incomes like interest, not reporting income from a previous employer in the same financial year, incorrectly filling Schedule 80G, not mentioning exempt income in 'Schedule EI', or inaccurately claiming deductions under section 80C.

If you've received an outstanding tax demand notice, you must respond immediately via the e-filing portal. You can either disagree with the demand by providing details or agree to it and pay the required amount.


19679 Views 2 Likes Comment   Share Income Tax   Report


About the Author

Assistant Editor

Assistant Editor, CAclubindia at Interactive Media Pvt. Ltd. Designing a multi-channel content management strategy for CAclubindia by regularly working on SEO-optimised, industry-related content, and improving the user experience in the process. Interacting with leaders from core finance, finance e-learning, and ... Read more

Comments :

Related Articles


Loading


Popular Articles





CCI Pro

CCI Articles

submit article