Check why there is a delay in your income tax refund

1. Income
Tax
Refund
Vinod K Agrawal & Associates, CA

2. “If you have paid your ITR but there is
a delay in refund, do not worry you will
get a refund from the income tax
department but it will take time.”

3. As the world is suffering from a pandemic is one of
the BIGGEST reason for delay of all the processes.
Government take strict precautions for the safety of
the citizen, by initiating online platform for easy
access.
The software has been upgraded for faster
processing of ITR. Due to this technical upgrade, this
might be the reason for the delay in getting an income
tax refund.
COVID-19

4. There are no such guidelines regarding tax refunds,
now because of the pandemic, there is a lot of
extension in due dates.
Many times taxpayers can get the refund in 1 week
but in some cases, it may take too much time.
It also depends on the process you file an ITR, if
the tax department finds any errors; it may delay
your income tax refund.

5. ACCORDING TO THE
INCOME TAX
DEPARTMENT,
The assessment year 2 0 2 0 - 2 1 returns will be processed through
CPC 2.0. Due to this, the refund is delayed.
The tax department has not given any timeline for the
commencement of the income tax refund process for the
migration and assessment year 2 0 2 0 - 2 1 on the new CPC 2.0
platform.

6. As abovemention,
the error from the
taxpayer
is also the reason for
the delay

7. 01
03
A TA X REFUND M A Y BE
DELAYED DUE TO
INCOMPLETE ITR AND
INCORRECT INFORMATION.
SUBMITTING THE
WRONG ITR FORMS OR
NOT PROVIDING THE
I M P O RTA NT
DOCUMENT IS ALSO
THE REASON FOR THE
DELAY
02
IT M A Y BE DELAYED
BECAUSE OF THE
WRONG BANK
ACCOUNT AND I F C I
INFORMAT ION

8. Check and revise all the documents and mention all the
information to avoid errors.
File your ITR before the due date to keep away from penalties and
get many benefits.
The last date for filing ITR for AY 2 0 2 0 - 2 1 is 31st December 2 0 2 0 .
So, to avoid the delay in refund try to
submit all required forms.

9. Thank you
For more details visit our website
- https://cavkagrawal.business.site/