The income tax department stated in a notification, dated 17 July, that it has issued refunds worth ₹24,603 crore to 19.79 lakh taxpayers between 8 April and 11 July. The department has expedited the refund issuance process with an aim to provide liquidity to taxpayers given the ongoing financial crisis due to covid-19, but there could still be many of you waiting for your refund.
If you haven’t got your tax refund yet despite filing your income tax return (ITR) within the specified timeline, read on to know what could be the possible reasons for the delay. We also tell you how to check the status of your tax refund.
