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Basic of Income tax return

How To Check Tax Refund Status For FY 2022-23 (AY 2023-24): Step-By-Step Guide On

If you filed your return some time ago but are still waiting for the refund, verify whether you have e-verified your ITR. Remember that simply filing the ITR isn't sufficient and only ensures a refund if you have successfully e-verified your return.

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How To Check Tax Refund Status For FY 2022-23 (AY 2023-24): Step-By-Step Guide On 

If you filed your return some time ago but are still waiting for the refund, verify whether you have e-verified your ITR. Remember that simply filing the ITR isn't sufficient and only ensures a refund if you have successfully e-verified your return.

The deadline for filing income tax returns (ITR) for the assessment year 2023-24 has already passed. Some taxpayers who have submitted their ITRs have already received their tax refunds, while others are experiencing delays. 

If you're among those who filed their return some time ago and are still waiting for the refund, it's essential to check if you've completed the e-verification process for your ITR. 

Remember, merely filing the ITR isn't sufficient and doesn't guarantee a refund if the e-verification step is missed. Additionally, failing to verify your income tax return could lead to a penalty of Rs 5000. 

The income tax department emphasizes that taxpayers must verify their ITR to finalize the return filing procedure. If verification is not completed within the stipulated timeframe, the ITR will be considered invalid.

Be cautious of phishing scams circulating on social media under the pretext of an 'income tax refund' message, especially since taxpayers are eagerly anticipating their tax refunds. To help you navigate this situation, here's a straightforward guide on how to check your income tax refund status online:

What is an Income Tax Refund?

If you've paid more taxes than necessary, you can receive the extra amount as an income tax refund. This happens when the taxes you've paid (via Advance Tax, TDS, TCS, or Self-Assessment Tax) exceed your actual tax liability. The income tax department will review your taxes and validate the refund claim before issuing the refund.

Refund Calculation:

Refund = Taxes Paid (Advance Tax, TDS, TCS, or Self-Assessment Tax) – Total Tax Liability for the current year's income.

How to Receive Excess Tax Refund:

To get your income tax or TDS refund, file your Income Tax Return (ITR) and provide your income, deduction, and tax payment details to the Income Tax Department. Remember, filing your ITR online is necessary to claim your Income Tax Refund.

Claiming the Refund:

You can claim your income tax or TDS refund by filing your income tax return. The refund amount you're eligible for will be calculated and displayed in your tax return.

Steps to check ITR refund status: 

  1. Firstly, visit the Income Tax Department’s (https://www.incometax.gov.in/iec/foportal) website.
  2. Secondly, log in with your PAN details and user id. 
  3. Then Go to the option ‘My Account option and go to 'Refund/Demand Status. 
  4. After this, select ITR and click on your acknowledgment, number https://www.incometax.gov.in/iec/foportal. 
  5. Lastly, you will be redirected to a new web page with all your tax details, along with your refund status. 

Checking ITR refund status using the NSDL Portal 

  1. Visit the official website https://nsdl.co.in/  
  2. Go to the provided link to proceed with the taxpayer refund status. 
  3. Enter your PAN details and select the Assessment Year (A.Y.) 2023-24. 
  4. Click submit. 
  5. Your income tax returns status will be displayed on the screen. 

In case the status is ‘refund rejected’, it shows that your tax liability has been re-calculated by the assessing officer (AO). The reason for rejection status will be shown and you will get an intimation from the income tax department seeking added tax or intimation about rectification needed in the income tax returns.

What are the different types of refund status? 

No result found- 

This kind of refund status shows that your filed details are wrong. kindly verify if the details entered by you are accurate or not. We are incompetent to check the income tax returns filing status and e-verification status for the furnished PAN number and revelation number documented by taxpayers. 

Another Return filed 

This kind of refund status shows that you have filed other returns, kindly check the status utilizing the latest revelation number. 

Refund reissue failure 

This kind of refund status shows that your refund reissue request failed due to some faulty details. Please present a new refund reissue demand to claim your refund. 

Rectification filed 

This kind of refund status shows that your rectification request has been filed and is under process.

Under Processing, the original tax return will not be contemplated, as the rectified tax return is carried up for processing 

This kind of refund status shows that once a revised return is filed then it substitutes the original income tax returns. Your redrafted income tax returns are under processing which will take the place of the actual income tax returns.

Processed and partially refund adjusted 

If any request is distinguished from any earlier years with the income tax department, then the department may acclimate the due request with the current year’s refund. Though before adjusting the amount, the department will deliver you a notice under section 245, which will state that they are adjusting your refund with the previous year. Then you have to present your answer to it whether you agree with the department or not. If the response is not submitted within the prescribed time. The department acclimates to the request and processes the return after adjusting the request. For more information, kindly feel free to call us at +91-9971055886 or write us at support@myitronline.com, and our expert CAs will be pleased to help you. Under processing, the original return will not be considered.

Rectification processed with a refund due 

This kind of refund status shows that your rectification request has been processed by the department and a refund is rendered. 

Rectification processed with no demand/refund 

This kind of refund status shows that your rectification request has been processed by the department and no demand/refund is due.

Successfully e-Verified after the due date 

This kind of refund status shows that the Income Tax department has accepted your condonation demand of e-verification post-expiry of 30 days of filing income tax returns. Your condonation demand is forwarded for clearance by the assessing officer. Your income tax return will be taken as invalid till it is authorized by the income tax department. 

Refund Not Determined 

This kind of refund status shows that as per the Income Tax department, no refund is confined after processing your income tax return.

Incapable to acclaim refund as the account number furnished by you is false. 

This kind of refund status shows that the account number furnished by you was false. You are asked to apply for a refund reissue by furnishing the correct account number to claim your refund. 

Defective return under section 139(9) (or) ITR filed is defective or incomplete 

This kind of refund status shows that your return has been feted as an inadequate return. you can check this on your income tax website user account to know the exact reason.

Income Tax Returns Processed but required to submit a rectification proposal

This kind of refund status shows that this happens due to a mismatch in the accounting of the department & income tax returns filed. 

Return submitted. Processing rights transferred to Jurisdictional Assessing Officer. (or) ITR Transferred to Jurisdiction AO 

This kind of refund status shows that your income tax return will be processed by your jurisdictional assessing officer (A.O.). Kindly contact the assessing officer for further details. Need help from an Expert CA? Click here

Pending for e-verification 

This kind of refund status shows that your tax return has been presented but it has not been e-verified either through post or online mode. Additionally, it would not be processed by the income tax department till you do not verify your returns. So, please confirm within 30 days from the date of filing. 

Processed with no demand/refund 

This kind of refund status shows that your tax returns have been processed without any additional tax expected or refund due. Additionally, you can review and inspect the details from the intimation received under section 143(1) on your e-mail ID. 

Processed with demand due 

This kind of refund status shows that your Income has been evaluated by the Income tax department from your filed income tax returns and the tax payable payment has been confined upon it. Need help from Expert CA? Click here

Processed with a refund due 

This kind of refund status shows that your refund claim has been relayed to the refund banker for processing. But it is recommended that you should wait for some more days and the refund payment will be credited to the bank account at the time of filing the return. 

Refund failure 

This kind of refund status shows that the income tax department has transmitted a rebate/refund to you but either your address is wrong or the provided bank details are wrong, due to which the refund was not paid you. In this case, you need to place a request for a refund again articulating the failure reason under 

“My Account” 

“Service”

“Refund reissue request”. 

Need help from Expert CA? Click here.

Under Processing 

This kind of refund status shows that your income tax return is still not processed. Additionally, if you have e-verified or sent your signed ITR-V by post then you don't need to worry as it will be processed by the I-T Department momentarily or later, and then you will obtain a refund. Later, It would be credited along with interest.  

Refund issued (or) Refund Re-issued 

This kind of refund status shows that your return as a refund has been processed and the refund has been credited to your bank account. Then, no further action is required from your side for this year. 

Return Submitted and Verified (or) Successfully e-verified (or) E-Verified (or) ITR-V Received 

This Kind of refund status shows that your return has been presented and properly verified. It will be processed by the I-T department. So, you have to wait for more days. 

Invalid original return, File Revised Return 

This Kind of refund status shows that your return has ministered as an invalid return by the Income Tax Department. You need to file your return again in such a case. Need help from Expert CA? Click here

Income Tax Return Processed and Rectification Rights transferred To the assessing officer 

This Kind of refund status shows your return has been processed. Regardless, you need to contact your assessing officer for rectification as CPC has repositioned the rectification rights. So, you have to submit your rectification request to your local AO instantly rather than through the online route. For more information, feel free to call us at +91 9971055886 or write to us at support@myitronline.com, and our expert CAs will be pleased to assist you. 

Return Processed. Refund Adjusted Against Demand (or) Refund kept on hold, Intimation under section 245 is disseminated proposing adjustment of refund towards outstanding request. 

This Kind of refund status shows If any earlier amount is eminent by the department, then the department will revise the amount you owed in the current year’s refund. But before adjusting that amount they will send you a notice under section 245 which shows that you are adjusting your refund with the previous year's definitive amount. You have to present your answer to it whether you acquiesce with the tax department or not. If the response is not submitted within the prescribed time then the department modifies the order and processes the return after adjusting the demand. For more information, feel free to call us at +91-9971055886 or write to us at support@myitronline.com, and our expert CAs will be pleased to help you. 

ITR Accepted 

This Kind of refund status shows your income tax returns have been successfully accepted at CPC and are pending processing. 

ITR-V rejected 

This Kind of refund status shows that your return has been treated as a deficient return. 

Return Submitted and verified after the due date. (or) ITR-V received after the due date 

This Kind of refund status shows that your form ITR-V is successfully obtained by the Income Tax Department after the due date. 

 

Also Read: How To Check Income Tax Notices & Reply Online

 

FILING YOUR INCOME TAX RETURN F.Y 2022-23 (A.Y. 2023-2024) WITH MYITRONLINE

Income tax filing deadline is right around the corner. If you haven’t filed yet, do it now for FREE on Myitronline! Avoid last minute rush and file your tax return today on MYITRONLINE in Just 5 mins.(www.myitronline.com)

If you are looking for eCA assistance to file your income tax return/ GST, you can opt for MYITRONLINE eCA assisted plan starting

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If you have any questions with filing your tax return, please reply to this mail. info@myitronline.com OR call 9971055886.

Note-All the aforementioned information in the article is taken from authentic resources and has been published after moderation. Any change in the information other than fact must be believed as a human error. For queries mail us at marketing@myitronline.com



Krishna Gopal Varshney

An editor at Myitronlinenews
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Krishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.


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