If your Income Tax Return (ITR) was filed expecting a refund of Rs. 70,000, but the assessment order shows no refund payable, don't despair. Even if the assessment order doesn't explicitly state a reason, you can still pursue your refund. The recommended course of action is to file for a 'rectification' under Section 154 of the Income Tax Act, especially if the refund amount is correctly reflected in your Form 26AS.
09 February 2021
Individual catagory persons ITR is processed with No refund/Payable. While ITR was filled with Refund of Rs.70000. Assessment order is also received. Now what to do to get refund of ITR?
10 February 2021
Assessment order shows only Income , Tax on income Rs.0 ,TDS Rs.70000 & Refund payable Rs.0 . There is no remarks or querry written in it.