If you have paid some extra amount as your Income Tax, then there are chances that you will get an Income Tax Refund. There are instances where the taxpayer does not receive his/her refund on time. It takes inordinately long time to get IT Refund, here are a few reasons why: –
- You must double check the computation of the income tax and the deductions you have claimed.
- If you have filedIncome TaxReturn on time and did not submit your ITR-V to CPC Bangalore, then there are chances that there will be delay in your Income Tax Refund.
Another reason for the delay ofyour IT Refund can be the Income Tax Return Form that you choose to file your ITR. If you choose wrong ITR Form then there will be a delay in your Income Tax Refund.
- If you have filed your Income Tax Returns late then there are chances that you will receive your returns late too.
- Last but not the least, if youhave mentioned wrong bank details then your Income Tax Refund may get delayed.