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ITR PROCESSING AND REFUNDS

31 October 2019

It'll be nearly Four Months since I and my wife filed our ITR (ITR 2). We've also paid Advance Tax. Still there're No indications from IT Dept., as regards When the processing and refunds disbursements will start. 🤔 Any idea when I can expect??

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22 Replies

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 31 October 2019

Wait on further update and processing. It will take some more times...

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ashok oza (274 Points)
Replied 31 October 2019

Thanks a lot, Raja. Hope the waiting is Not more than a month now. 😊

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 31 October 2019

Yes... Some times its less than a month, Some times its less than a year or more 😇😇😇

ashok oza (274 Points)
Replied 31 October 2019

How much interest for the delay in Refunds??🤔

Kapadia Pravin (17254 Points)
Replied 31 October 2019

@ Ashok Oza
Interest is 6 % p.a. effective from 1-4-2019 .

You can check the return status online on eFiling Portal

For refund purpose you require to pre-validate bank details. If you did it then ok. Otherwise do it immediately bcoz refund is released thereafter .

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ashok oza (274 Points)
Replied 31 October 2019

But Pravin, I've been getting my refund credits in the same SB account for last 5 years, and, also, this time, I've submitted "Pre-Validation" of the same account, about Two months back. E-filing website still shows status as "Service request submitted". What should I do? 🤔

Kapadia Pravin (17254 Points)
Replied 31 October 2019

@ Ashok
You again add the same bank details and f

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 31 October 2019

Just wait for the ITR processing. After that You can get refund. No need bank checking....

Kapadia Pravin (17254 Points)
Replied 31 October 2019

@ Ashok
You again add the same bank details and finish validating process. Sometimes it takes hardly few minutes

Once it's validated , delete the old details line

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 31 October 2019

No need to validate or any other if it's already processed one. Simply wait for the Processing of ITR. After processing refund amount deposit to Your bank account as per the same PY...

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RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 31 October 2019

If Your bank account is wrong or not get any refund or get notice for bank account is not validate then Only you can go to verify x validate your account. Before that wait on Your ITR process...

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 31 October 2019

As per Your query You will wait ITR processing. Don't be consider the confusing replies about the bank details. These are extra curriculum/super power mind activities...