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Income Tax Refund in India- What You Should Know
May 24 , 2013

Many income tax return filers face the common situation of delay in getting tax refund. Here are a few basics about Income Tax Refund in India.

How to claim tax refund

You can claim income tax refund if you have paid additional taxes than what you were supposed to. This is done by the exercise called as Tax Return Filing. You need to fill relevant ITR form and get the acknowledgement ITR V from Central Processing Centre. You can file tax returns online.

Now after your Assessing Officer processes your tax return he would sanction a refund if you have paid extra tax based on the details you submitted in ITR form. The refund is processed and distributed by SBI CMP in Mumbai. Thus SBI is the Refund Banker to the Income Tax department.

When to expect income tax refund

Though things are constantly improving with the I-T department, you have to wait anywhere up to a 2 years after filing your returns, for getting the refund. Once filed, your tax return could be processed within 2 months to 2 years. So your refund would also be processed and sanctioned accordingly.

Meanwhile you can know the status of your income tax refund through government websites like tin-nsdl or incometaxindiaefiling. Alternatively you can call up on CPC contact number, SBI CMP toll free number or email to one of these offices to enquire about your refund status.

Whom to contact if not received tax refund 
It is possible that your refund has been processed and dispatched but you have not got it. In this case you can take it up with SBI using reference number provided in the online status. If you opted for cheque mode of payment you can check with your Post Office using speed post number provided in online status.

What to do if 'unpaid' message displayed
If your refund has not been generated by the Assessing Officer (AO) or CPC you can get in touch with them. Your AO can be found from income tax website.

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