RAMESH BABU N
TF Legend
Yes. I can share whatever little I know. Always ready to do so.
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Yes. I can share whatever little I know. Always ready to do so.
cardio_guy
TF Ace
Still under processing, today marks 2 months of "successfully e-verified". ITD wants us to pay all taxes on time. But they won't process it. Typical govt babu things.
RAMESH BABU N
TF Legend
Remember that ITD has time (officially) till the end of this current FY to process your ITR. So, kindly hold your horses.
Why worry so much? They are giving you 0.50% per month on refund. That money in your bank will fetch only 0.23-0.27% per month only. If there is no refund, waiting then worrying for intimation doesn't make a sense. Your current acknowledgment, for any purpose of loan/cc, is as good as without intimation.
As @RAMESH BABU N pointed out, I am adding to it that they have minimum 45 days to process and max. till March 31st, next year.
During school days, when teacher use to check copies, many student used to get it checked within the time period of 40/50 mins during class itself and when the bell ranged or lecture over, many copies were left and teacher used to take it with him/her and you got it only till school is over for the day. We waited for it so that we can do today's homework but with ITD we don't have anything left to do once we filed it. So it doesn't matter when they check copy and give you.
Board Exams finish by March-Apr every year and result comes 2 months later. There are more teachers/checkers as compared with Assessing Officers (AO/JAO) yet they somehow manage to do fast. Although they are getting help of technology but they can't allow it to be fully automated in certain cases.
As I said in past, people start receiving their intimation too fast that they started thinking it is normal to get ITR processed in few days. In reality Normal is anything between 45 days - 180 days or by March next year.
Read, what IRS, US Govt website says,
If you file a complete and accurate paper tax return, your refund should be issued in about six to eight weeks from the date IRS receives your return.
Now when US which has finest of Tech with them can take 6-8 weeks, India is doing a better job anyday.
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Actually, this was one of my smallest refund from the past few years.
I will still call it being reflecting in bank as the earliest compared to my prev. year refunds
