Summary
Tax refunds for AY 2023-24 are now being processed by the Income Tax Department. Learn how to check your refund status, understand CBDT processing timelines, and avoid common delays.
Introduction: Tax Refunds for AY 2023-24
After months of wait, tax refunds for AY 2023-24 are now being credited to taxpayers. The Centralized Processing Centre (CPC) of the Income Tax Department has started releasing refunds based on the order of return processing. If you’re still waiting for your money, this blog explains where things stand and how to check your refund status.
Why Refunds Were Delayed
Refund delays for AY 2023–24 occurred due to multiple reasons:
- Bulk return filings in July 2023
- Additional validation checks under Section 143(1)
- Adjustments against outstanding demands (Section 245)
- Manual review triggers for high-value returns or mismatches
- Pending e-verification or ITR not yet processed
The Income Tax Department prioritizes processing based on the filing date and completeness of the return.
How to Check Your Refund Status
You can check your refund status through either of the following:
1. Income Tax Portal
- Visit: https://www.incometax.gov.in
- Login → Go to “e-File” → “Income Tax Returns” → “View Filed Returns”
- Click on Acknowledgement Number to view processing status
- Refund status will show under “Status” or “Refund Details” section
2. TIN NSDL Refund Portal
- Visit: https://tin.tin.nsdl.com/oltas/refund-status-pan.html
- Enter your PAN and AY 2023–24
- Captcha → Submit
- Status will show whether refund is processed, failed, or sent back
Refund Timelines Under Section 143(1)
According to Section 143(1) of the Income Tax Act, 1961:
| Return Filing Date | Refund Processing Timeline |
|---|---|
| Filed before due date (31 July 2023) | 6–9 weeks from processing |
| Filed late (after due date) | 8–12 weeks or longer |
| Cases with notices (143(1)(a)) | Subject to reply and resolution |
| Returns selected for scrutiny | Refund held till completion of assessment |
Legal Insight: CBDT Instructions
As per CBDT Circular No. 09/2023, refunds under Section 143(1) are to be processed within a reasonable time, but there is no statutory deadline for refund disbursement unless selected for scrutiny.
Also, under Section 245, the refund can be adjusted against previous tax demands after prior intimation to the taxpayer.
📝 Case Law Reference:
In Vodafone Essar vs. CIT, the Delhi HC ruled that delays in refund due to non-compliance with Section 245 intimation were unlawful.
Common Reasons Why Refunds Are Not Credited
- Incorrect bank account or IFSC
- Bank account not pre-validated on the portal
- Return under processing with discrepancy notices
- Refund adjusted against prior dues
- E-verification pending
🔍 Expert Tip:
Ensure your bank account is pre-validated and linked to PAN. Also, respond to CPC emails quickly if your return has mismatches or notice under 143(1)(a).
What If Refund Status Shows “Processed” but Not Credited?
This usually means:
- Refund sent but failed at the bank due to incorrect details
- Refund returned and needs reissue request
- Refund credited but not visible due to bank processing lag
✅ Steps to Reissue Refund:
- Login to Income Tax Portal
- Go to “Services” → “Refund Reissue”
- Select the correct bank account
- Submit reissue request
Subheading with Keyphrase: Tracking Tax Refunds for AY 2023-24
Keeping tabs on tax refunds for AY 2023-24 is crucial if you’re still waiting. Here’s a quick checklist:
- ✅ Return e-verified?
- ✅ Processing completed?
- ✅ Any notices received?
- ✅ Bank account validated?
- ✅ Refund status checked via NSDL?
FAQs on Tax Refunds
Q1. How long will it take to get my refund for AY 2023–24?
If filed before the due date and no issues are flagged, expect 30–60 days from return processing.
Q2. Can I raise a grievance if my refund is delayed?
Yes. Use the “Grievances” tab in the IT Portal or contact CPC Bangalore at 1800-103-4455.
Q3. Will interest be paid for refund delays?
Yes, under Section 244A, interest is payable if the delay is not your fault.
Conclusion
If you’re still awaiting your tax refund for AY 2023-24, don’t panic. Check your refund status, validate your bank details, and respond to notices promptly. Efiletax helps you stay compliant and track your refund step-by-step.