ITR filing: When the income tax department assesses taxpayers' tax liability, they meticulously consider all applicable deductions and exem...

Income tax refund status: If you've overpaid taxes for a financial year, you can claim an income tax refund after filing your income tax re...

The ITR is deemed invalid or will not be regarded as filed if the assessee does not validate it within the allotted period. e-Verification ...

Income tax refund: The income tax department will scrutinise your filed returns and handle the refund once received. Note that having a val...

Due to changes in bank account details, previously validated bank accounts may need to be updated and re-validated.

ITRs must be filed before the due date. Timely filing helps the I-T department manage the workload efficiently and ensures that the return ...

All registered taxpayers on the e-Filing portal (post-login) who have a valid PAN and a valid bank account can use the My Bank Account serv...

You have to make sure your bank account is pre-validated on the new income tax portal and PAN is linked to receive the income tax refund. N...

The income tax department had previously announced that from March 1, 2019, it will issue only e-refunds. These tax refunds will be credite...

It is important to verify the income tax return to complete the ITR filing process. The CBDT via a notification reduced the time limit to v...

Between April 1, 2022, and November 30, 2022, the income tax department provided income tax refunds of around Rs. 2.15 lakh crore.

If your income tax return has been processed and refund is confirmed but still pending, you need to check the status of the refund. Here ar...

The income tax department has tweaked the process of claiming the tax refund from this year.

It is important to pre-validate the desired bank account of the taxpayer on the income tax portal to ensure a smooth refund process. The ot...

It is important for the assessee to first link the PAN to the bank account to be able to prevalidate the bank account.

The income tax refunds will be credited only to bank accounts (savings/current/cash/OD) which are linked to PAN, w.e.f. March 1, 2019.

Electronic Verification Code (EVC) can be generated by pre-validating the bank account on the e-filing portal of the Income Tax Department.