According to the official Tax Information Network (TIN) website of the Income Tax department, the tax refund is sent to assesses either through direct credit to account or through a refund cheque. “Depending on the option exercised by the assessee while filing his annual ITR, the refund will be made either through electronic mode i.e. direct credit to account or through Refund Cheque. Taxpayers are, therefore, required to enter the correct Account number and IFSC code along with complete address details including PIN code at the time of filing of Return,” says the TIN website.
The refunds sent through cheques are dispatched to the address mentioned by the taxpayers through Speed Post. You need to ensure that you have mentioned your correct address while filing income tax.
In case you fail to receive the refund from the Income Tax department, you can check its status online at https://tin.tin.nsdl.com/oltas/refundstatuslogin.html Here, you will have to quote your Permanent Account Number (PAN), Assessment Year.
The Income tax department is currently sending refunds either through RTGS/NECS or Paper cheque. For receiving the refund directly in the bank account, assesses need to provide Bank Account number, MICR code of the bank branch and correct communication address. For paper cheque, bank account number and the correct address is mandatory.
Alternatively, you can view Refund/Demand status by following these steps:
1. Login to e-Filing website with User ID, Password, Date of Birth / Date of Incorporation and Captcha.
2. Go to My Account and click on “Refund/Demand Status”.
Here, the following details will be displayed:
– Assessment Year
-Reason (For Refund Failure if any)
– Mode of Payment
The last date for filing Income Tax Return for Assessment Year 2019-20 is July 31