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Itr filed in august, still waiting for refund. how long will it take?

gunturboy26 (Self Employed) (217 Points)

13 December 2018

We have filed ITR-3 in August for the FY 2017-2018, it has been more than 3 and half months but we are yet to receive the refund.

There were some capital gains, and some business income but the income is still below the basic exemption limit. Is this the reason why the refund is delayed as they have to check all the transactions?

How long more will it take for the refund?

Thank you.

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5 Replies

Susmita Dutta, CA , CPA (CA ) (2141 Points)
Replied 13 December 2018

Please check if you have received the Intimation U/S 143(1).

gunturboy26 (Self Employed) (217 Points)
Replied 13 December 2018

No, I did not receive any such notice. Are they still computing my ITR, how more long will it take?

Thank you for the reply.

RAJA P M ("Do the Right Thing...!!!") (127058 Points)
Replied 13 December 2018

Are You a GSTIN holder...?

If Yes.... Then it will take some more time...

** It's only my view.

S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 13 December 2018

Yes... May be. It's take some more time. Wait further process

gunturboy26 (Self Employed) (217 Points)
Replied 13 December 2018

Originally posted by : RAJA P M
	Are You a GSTIN holder...?If Yes.... Then it will take some more time...** It's only my view.

No, the business income was from Intra-day trading.

Originally posted by : S ELAVARASI
	Yes... May be. It's take some more time. Wait further process

I will, but I would like to know what is the reason for the delay as I am not the only one who has capital gains and business income, there are many people.