Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

Is my refund now just a few days away?

Ritesh Bhat (Marketing) (142 Points)

04 September 2022

My refund for AY22-23 is due and status as of 31-aug on NSDL says

The Assessing Officer has processed your refund and forwarded to SBI for dispatch.

Does it mean now it's just a few days away from being credited to my bank. A/C has been prevalidated and selected for refund in ITR.

Amount is in thousands and I hope all goes well so just a query.

Reply
Follow
Share

9 Replies

chandar R ( ) (225 Points)
Replied 04 September 2022

10 days to 30-40 days, anytime.

2 Like

Upgrade to CAclubindia Pro. Subscribe Now!

Samantha J (1236 Points)
Replied 04 September 2022

3 to 4 days max

2 Like

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 04 September 2022

Same will be credited within a week

3 Like

chandar R ( ) (225 Points)
Replied 05 September 2022

Out of academic interest I am requesting you to please confirm the date of refund received after credit to your bank account.

1 Like

Ritesh Bhat (Marketing) (142 Points)
Replied 05 September 2022

@ chandar R

I will certainly update here. Generally in past years I got it in 10 days of receiving intimation. Once it took nearly 1.5 Months. But for the first time I am checking the step by step status on NSDL and hence a bit curious.

As of now the status is still submitted to bank as of 31 Aug.

Also the IT helpdesk is of no much help. They have no specific timelines defined. All they say is wait for process to get over.

I would be really interested to know the underlying logic applied by IT in processing the refund but seems expect developers of the system no one knows it!

Upgrade to CAclubindia Pro. Subscribe Now!

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177721 Points)
Replied 05 September 2022

@ Ritesh...

You will get refund within 48 hours from now on. (provided account validated in IT)

2 Like

chandar R ( ) (225 Points)
Replied 06 September 2022

You are right. I also got the refund in 10 days last year. This year I got on 32nd day from the date of intimation Some friends got it in 15 days. Incidentally My wife's return ( No complication at all, only interest income) is yet to be processed after e-verification- Today is 43rd day! We both had filed on same day and I got intimation on 3rd day! So each case is unique.