Income Tax Refund

Dear Experts,

My return for AY 2020-21 has processed on 4th Dec 2020 showing the refund amount along with interest in IT portal but amount not credited to my SB account.

Can you please state what could be the reson or what should I do ? I have raised the Greviance to SBI refund banker but haven't received any response yet.

Thanks in Advance,
Replies (10)
Quick Summary
If your income tax refund has been processed on the IT portal but not yet credited to your bank account, there could be several reasons. Common causes include pending tax demands from previous years that your refund might be adjusted against, or issues with your bank account not being pre-validated for refunds. It's advisable to check your refund status on the NSDL portal and consider filing a grievance on the income tax portal if you don't receive a response from the bank.

Refund will received soon. if it will not received the status will be changed on the portal.

wait for the response of your greviance.
No need to worry, refund processing takes time as your assessment are reassessed by authority they will credit your refund to your bank account or you can review the status of your refund in NSDL portal
When Iam viewing status in NSDL portal it is showing nothing but in income tax portal it is showing with refund amount
Ok so need not to worry as your refund status is shown in income tax portal
otherwise you can file grievance on income tax portal by providing your income tax return acknowledgement number along with pan
You will get refund by the end of this month or by Feb
phase wise refund is giving
your earliest months people will get first then you
portal is showing because of new software jhatapat processing so after filling it proceedings with in a day but refund will take time
I filed in June 2020
But it proceed in dec
so by Feb you get
Just check any pending tax demand of earlier years. Becoz refund of the year will get adjusted against thhat demand. That's why.
Dear Experts,

My return for AY 2020-21 has processed on 4th Dec 2020 showing the refund amount along with interest in IT portal but amount not credited to my SB account.

Can you please state what could be the reson or what should I do ? I have raised the Greviance to SBI refund banker but haven't received any response yet.

Thanks in Advance,

May be because of any pending demand, refund might have got adjusted.  

Or account not pre-validated for refund purpose 

 

 

 

 

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