Income tax refunds are usually straightening and tend to get processed smoothly. If you have filed your taxes but your refund is stuck or delayed, some small mistakes during filing could be the culprits behind. You have the new tax regime or the old one, error like incorret bank details, not verifying your return, or claim ineligible deduction can Hindus can be given the process, delaying your refund. But these are all. Here are some common mistakes you should avoid to get your refund without hiccups.
1. Incorret or Disable Bank Account Details
Tax refunds are only credited to pre-validated bank accounts. Errors like Incorret Account Details (Such as the account number or IFSC), or if your account has been linked to your pan, can prevant the refund from going to go. To prevent this, encourse you have pre-validated your bank account on the income tax portal. Also, make of the bank account you provide are active and capable of receiving electronic credits. Dormant or Cartain Nre/Nro accounts May Reject Refund Transfers
2. Filing under the wrong itr form
There are different types if forms design for different types of incomes. For instance, ITR-1 is for salarying individuals with income up to ₹ 50 Lakh while itr 2/3 are for capital gains, foreign assets, or business income. If you have filed your returns using the incorrect form, it can result in defactive return notices or rejection. Always check the form that applies to you and use it to file.
3. Mismatch in TDS/TCS and form 26 as/form 16
To check if the taxes deducted match the reported tax returns, the it department compares your returns with forms 26as, ais, and tis. If there is a mismatch, Such as an error in your employer’s form 16, or your tds have been incorrectly reported by your bank, the mismantch will likely trigger an Automated Review, Pausing Your Refund. So, always cross-check tax credits before submitting your return.
4. Not e-verifying your return
If you don’t eat your tax return, it won is processed. E-Verification must be completed withouthin 30 days of filing. You can do this using your aadhaar otp, net banking, a demat account, or even at an atm (for certren banks). Without e-serification, your tax return will remain incomplete, and any refund due to you will be held up
5. Claiming Excessive or Wrong deductions
Claiming deductions beyond what you are eligible for can raise red flags in the system. For Instance, Claiming ₹ 1.5 Lakh under section 80c without actual project Claim only what you can support with investment profs, salary slips, or bank statements.
6. Not Reporting All Income
When filing returns, income from sources like freelance work, savings account or fixed deposit interest, or divides, can be missed. But these are usually captured in your form 26as or ais. But, if the returns don’t match, it can hold up your refund. Reporting all income, no matter how small, is crucial to prevent delays.
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7. Filing Late
Delays in filing returns will automatically affect the time of your refund. If you have missed the filing deadline, not only can your returns take longer to process, you may also lose interest on any refund due, as per section 244a. Filing Early Can Avoid Such Technical Issues and Ensure Your refund Reaches You Quaker.
8. Ignoring Notices or Alerts
If your filed tax return has issues, the income tax department will like you a defactive return not (under section 139 (9)). These are typically sent via email, sms, or to your income tax portal inbox. Missing these alerts and failing to act on them can delay your refund. Therefore, Always Monitor Your Email, Portal Inbox, and Messages for Such Notices.
Getting your tax refund on time simply requesting the basics right. Be it your account details, E-Verifying Your Account, Or Selection The Right Form to File, A Little Diligance Now Can Save You Weeks of Waiting Later.
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