Oct 05, 2012, 12.48 PM | Source: Moneycontrol.com
Many people are ignorant about the fact that their tax refund status can be easily ascertained online with a few simple and easy steps by entering the PAN number.
Many people are ignorant about the fact that their tax refund status can be easily ascertained online with a few simple and easy steps by entering the PAN number. The 'Refund Banker Scheme', which was first introduced by the Income Tax Department in Jan 2007, can be used by tax payers all over the nation to view the exact status of their refunds on line at the site https://tin.tin.nsdl.com/oltas/refundstatuslogin.html . This is as easy as it gets and all one needs to do is to enter the PAN number and the assessment year on this site to access the current position of the tax refund.
Modes of refund:
Tax refunds whenever applicable is made in 2 different means to all the tax payers:
This simple task can be achieved through a few easy steps:
Income tax refund: Types of status online
While checking your refund status online you are likely to see several kinds of status messages on the website. Demonstrated below are some of the common types of status messages that may appear at the website. Other status messages depending on the actual state of processing and disparities noticed by the department may also appear. The assessee has the right to appeal and notify the department in case of any discrepancies noticed at the status on the website for further action.
There are a few essential facts that one needs to understand while checking tax refund status online:
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