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IT refund?

Mackie (Entrepreneur ) (287 Points)

13 February 2021

hello had file it return on 10th Jan. Still waiting for the IT refund. Is it normal? Have heard that the IT refunds are now being issues within 21 days. How long does it take to get IT refund usually?

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14 Replies

Bhaumik pandya (224 Points)
Replied 13 February 2021

It depends on how your ITR is being processed by IT dep...

please link you bank previlidge account with IT

1 Like

Mackie (Entrepreneur ) (287 Points)
Replied 13 February 2021

Originally posted by : Bhaumik pandya
	It depends on how your ITR is being processed by IT dep...please link you bank previlidge account with IT

Thnks bhaumik! Account is already linked. How long does it take max?

CA SEEMA AGARWAL (Chartered Accountant) (414 Points)
Replied 13 February 2021

There is no time limit... return processing are taking as less as 7 days and as more as 6 months

1 Like

Mahender Singh (STUDENT) (141 Points)
Replied 13 February 2021

Currently I think it taking time due to pendency due to Covid

1 Like

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 14 February 2021

No problem if any dispute arises authority will intimate you

1 Like

Kapadia Pravin (17249 Points)
Replied 14 February 2021

Will get intimation by email sms message when it's processed. 10th Jan was the last day of filing return so may be huge numbers might have been filed . wait till 31st March hopefully.

1 Like

CA. Aditya Goel (Chartered Accountant) (681 Points)
Replied 18 February 2021

dont worry its absolutely normal, they may take time for proecessing till 31st March. but as per my discussion with IT dept on such cases, you should get the processing letter 143(1) by end of february. and bank account is prevalidated you should get the refund soon.

do check the status of return in IT portal and also FYI/FYA tabs.

1 Like

debora M (BUSINESS DEVELOPMENT MANAGER) (1697 Points)
Replied 19 February 2021

there is no time limit and it depends on how itr is being processed

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Kapadia Pravin (17249 Points)
Replied 19 February 2021

There is definitely time limit.

Bhaumik pandya (224 Points)
Replied 20 February 2021

Section 143(1) intimation has to be sent within one year from the end of the financial year in which return is being filed. For eg: if the taxpayer has filed return pertaining to the financial year 2019-20 in July 2019, intimation can be sent any time till 31 March 2021.

If a taxpayer does not receive any intimation within such period, it simply means there are no adjustments carried out to the return filed by the taxpayer and no change in tax liability/refund and acknowledgement filed itself is deemed to be Section 143(1) intimation.

Thanks

1 Like

Mackie (Entrepreneur ) (287 Points)
Replied 21 February 2021

Thanks Seema, Maninder, Sourav, Praveen and Bhaumik for your help and inputs!

Mackie (Entrepreneur ) (287 Points)
Replied 04 March 2021

I am still waiting for the IT refund for the return efiled on 10th Jan. is there anyone else who is till waiting for the refund or am I the only one?

1 Like

Mackie (Entrepreneur ) (287 Points)
Replied 15 April 2021

Am I the only one waiting for IT refund for the return efiled on 10th Jan. is there anyone else who is till waiting for the refund or am I the only one? Can someone reply.