Wondering after ITR processed how many days to refund
? The time taken to receive an Income Tax Refund (ITR) in India can vary based on several factors, including the mode of filing, the accuracy of details provided, and the efficiency of processing by the Income Tax Department.
How Many Days It Takes for ITR Refund?
As per standard timelines:
If you have filed your Income Tax Return online (e-filing) and have verified it using Aadhaar OTP, or through EVC (Electronic Verification Code), refunds are generally processed faster. In such cases how many days for ITR refund, so you may expect to receive your refund within 20 to 45 days from the date of e-verification.
If you have filed a physical copy of your Income Tax Return (paper filing), the processing time may be longer compared to e-filing. Refunds for paper-filed returns can take around 60 to 90 days or even more, depending on various factors.
If there are any discrepancies or errors in your tax return or if the Income Tax Department requires additional verification or documentation, the processing of your refund may be delayed.
Once the Income Tax Department processes your return and confirms that everything is in order, the refund amount is generated. This amount is then sent to the refund banker, who disburses it to your bank account.
The time taken by the refund banker to credit the refund amount to your bank account may vary. You can check the status of your refund on the Income Tax Department's e-filing portal. Additionally, the Income Tax Department may send you email and SMS notifications regarding the status of your refund.
This is all about after processing how many days income tax refund.
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How Many Days for ITR Refund?
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2024-04-19T07:54:22+00:00 2024-07-17T11:32:35+00:00Comment
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