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Income Tax Refund

Prathyusha Varma (ArticleShip) (393 Points)

15 January 2021

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,

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10 Replies

Krishna Chaudhary (Accountant) (4531 Points)
Replied 15 January 2021

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

wait for the response of your greviance.

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 15 January 2021

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

Prathyusha Varma (ArticleShip) (393 Points)
Replied 15 January 2021

When Iam viewing status in NSDL portal it is showing nothing but in income tax portal it is showing with refund amount

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 15 January 2021

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

ayusmita (Tax consultant) (5885 Points)
Replied 15 January 2021

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