Even if you have filed your income tax return (ITR) within the due date for assessment year (AY) 2019-20, there could be various reasons why you have not received your income tax refund yet.
One of the common reasons includes furnishing incorrect bank account details in the ITR form. Earlier tax refund was issued either in the form of a cheque or direct credit to the bank account of the taxpayer. However, the income tax department now credits the refunds only in the form of direct credit in the taxpayer’s bank account. Additionally, from this assessment year, these accounts need to be pre-validated and linked to the taxpayers’ PAN.
