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Income Tax Refund Still Not Credited After 5 Months? Here’s What Might Be Holding It Up

Income Tax Refund Delayed: A growing number of taxpayers have taken to social media in recent days, flagging prolonged delays in receiving their income tax refunds. In several cases, refunds have not been credited even after five months of filing Income Tax Returns (ITRs). While such delays can be frustrating, they are not unusual this year, as the Income Tax Department has tightened scrutiny and intensified verification checks across filings. Income tax refunds are typically delayed when returns are not fully processed or when discrepancies are detected in the information submitted.

Income Tax Refund Still Not Credited After 5 Months? Here’s What Might Be Holding It Up

Credit: Timesnownews

Key Highlights

  • One of the most frequent reasons for delay is incomplete compliance by taxpayers after filing their return. Many individuals overlook the crucial step of verifying their ITR.
  • Filing alone does not complete the process.
  • Returns must be verified using Aadhaar OTP, net banking, Electronic Verification Code (EVC), or by sending a signed ITR-V to CPC Bengaluru.
  • Until verification is completed, the return is treated as invalid, and no refund is released. This year, however, refund delays have increased due to stricter scrutiny by the tax department.
  • If there is a mismatch between the income declared in the ITR and details available in Form 26AS, the Annual Information Statement (AIS), or the Taxpayer Information Summary (TIS), the return is flagged for further review, slowing down processing. Most Common Triggers For Refund DelaysRefunds may also be withheld if there is an outstanding tax demand against the taxpayer or if the department issues an intimation under Section 143(1) of the Income Tax Act, 1961.
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Sources

  1. Income Tax Refund Still Not Credited After 5 Months? Here’s What Might Be Holding It Up

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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