These days government is started giving refund to Taxpayers within one week but still some are facing problem in getting income tax early . There are different reasons of getting your Income Tax refund late.

1. Bank account validation: There are good chance that your bank account is not validated. So it is first advisable to login to income tax and validate your bank account
2. Business Income : There are some ITR which include business income so system takes time to reconcile the information and so as your ITR takes time to get processed
3. Adjustment: There is a possibility to get your refund adjusted agaisnt your previous demand is any.
4. Genuineness of transaction: Currently ITD issues alert to verify genuineness of transaction and there is good chances that you are not aware of. Once same is verify, then only ITR can be processed.
5. Mismatch in TDS/TCS: Sometime at the time of filing ITR, there is a possibility that incorrect information related to TDS/TCS (Like wrong Tan / Amount) punched during filing ITR

So, I believe this information will make Taxpayers aware of the reason for getting their refund late.

For more information

email us at efounderindia@gmail.com

consult@efounderindia.com

or wats app us 9911337774, 9667322557