ITR Refund Delay, Jan. 12 -- Over the past week, many taxpayers have complained on social media that they have still not received their income tax refunds even after five months of filing their ITRs. To clarify, the income tax department has been scrutinising ITRs with rigour this time, and has sent notices to many taxpayers after finding a mismatch in their filing. Here is what you need to know about income tax refund delay.
Income tax refunds usually get delayed because often times the returns are not fully processed, or the I-T Department finds mismatches or non-compliance in your tax filing.
One of the most common reasons why your ITR refund may be delayed is because taxpayers often forget to verify their ITRs after filing it. Filin...
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