Income Tax News: There is currently only one day left to file the 2024–25 assessment year Income Tax Return (ITR). The fact that more than four crore ITRs have already been filed shows that taxpayers are serious about the filing procedure. Many taxpayers, nevertheless, still haven’t submitted their ITR. The ITR filing deadline is July 31, 2024.
Penalty for Late ITR Filing
The fact that the ITR filing deadline is July 31 should not be overlooked. A taxpayer may be subject to a sizable fine from the Income Tax Department if they file their ITR after this date. Furthermore, after July 31, taxpayers will not be able to file their ITR under the previous tax system.
How to Check Refund Status Using PAN Card
Taxpayers frequently wonder when they will get the refund after filing their ITR. Using your PAN card, you can check the progress of your refund as follows:
- Visit the Official Income Tax E-filing Portal: Go to the official online portal for filing income tax returns.
- Log into Your Account: To access your account, enter the captcha code, PAN, and password.
- Navigate to ‘My Account’: Find the ‘My Account’ section after logging in.
- Select Refund/Demand Status: Select this option to discover details regarding the assessment year, current status, reasons for any refund failures, and mode of payment for your income tax refund.
By following these steps, you can easily check the status of your refund. If there are any discrepancies in the ITR, it will also be displayed.
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