nikhilv0303
TF Ace
Refund ka khel hai babu bhaiya!!
Bahut paisa stuck hai! Inka interest rate toh inflation se bhi neeche hai
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ITR processing delay. "Has your ITR been processed yet?"
Bahut paisa stuck hai! Inka interest rate toh inflation se bhi neeche hai
Here I know 10-12 people who have no refund, yet ITR not processed. So logic can't be applied eveywhere.
Some people with 1-1.5L have already got it.
So it all depends on the batch or system delay where our ITR is stuck at so and so stages.
Sometimes, the ward ITO retires and there is no ITO for next 2-3 months and things remain stuck.
Remember one thing if your ITR is delayed it is marked for manual checking and few thousand ITOs and crores of ITR. Takes time my friend.
nikhilv0303
TF Ace
Yes yes I understand
What I meant was that I’m waiting for refund.. hence the unsettling feeling 😁
We usually get status when we login right to see if it's under processing but I did not get it so I think it's yet to start.
Is it the same for u as well
I do not know. I will login and check tomorrow
It is telling to "Please wait for processing" in the View ITR status.
sunit123
TF Legend
If algo find some discrepancy between data with IT department and ITR filed then it will be checked manually
Yes, I need to check my filed returns once to be sure that I didn't missed anything 😅
sunit123
TF Legend
If any discrepancy file revised ITR before it is processed...After processing, you will not be able to make any changes.
Compare ITR data with 26AS and AIS
Finally, I figured out that I missed to add STCG in the ITR. The refund is of course much larger than the liability. This may be the reason return is not processed??
When I click file revised return, it takes me through the entire ITR filing work flow. Is it correct? I thought it will pre load my previous return filed and ask a reason to edit. Any pointers?
One thing I observed this year and could be cause of delay as well for ITR Processing:-
Details about Stocks bought/sold during last 3-4 days in March (27th to 31st) were not captured in AIS statement and if the huge number of stocks sold for Tax Harvesting purpose, the Tax gains based on AIS differs by significant amount than as per Broker P&L statement.
And this could have happened with others as well, so do compare your AIS with Trading Account,s Annual Txn statement.
Significant Tax has got reduced during return filing than what system expects as per AIS after clubbing the losses booked for Tax Harvesting.
Details about Stocks bought/sold during last 3-4 days in March (27th to 31st) were not captured in AIS statement and if the huge number of stocks sold for Tax Harvesting purpose, the Tax gains based on AIS differs by significant amount than as per Broker P&L statement.
And this could have happened with others as well, so do compare your AIS with Trading Account,s Annual Txn statement.
Significant Tax has got reduced during return filing than what system expects as per AIS after clubbing the losses booked for Tax Harvesting.
sunit123
TF Legend
It is correct...u need to file entire ITR again
ankit540iitr
TF Buzz
Update - Finally, ITR processed.
At last ITR processed for iitr
Thanks. Finally, did the revised filing. I don't know how interest under 234C is calculated but ended up paying 1500 more in it reducing the refund. Hope this gets processed soon.
My ITR is processed yesterday night i. However got 2 intimations. One adjusting previous AY outstanding demand against the filed AY ITR. And the demand was 5 INR. Yes, believe me, it is 5 INR. It was ignored last year and processed as no demand/refund. This year 10 INR was adjusted against it.
Second was regular one with refund due.
Now waiting for actual refund. Not sure when it it will be credited but there is refund sequence number.
Hope I am not marked by IT department 🤣
