TDS refund arises when the actual tax liability is lower than the tax amount deducted. Several times we see that the actual investments made at the end of that year investment don’t match with projections announced at the start of a financial year. If there is a mismatch between the income tax you are required to pay for the concerned year and the total tax deducted at the end of a financial year, a TDS refund arises. Now, what is the TDS refund process and how long does it take to get a TDS refund? Let’s find out:
Steps to claim TDS Refund onlineGo to Income Tax Department’s official website (incometaxindiaefiling.gov.in)
Register yourself on the portal if you’re not already registered
Log in to the portal
Find out the relevant ITR form and file the ITR.
Fill in the required details, upload the form and click on submit.
e-verify the submitted form using your net banking account or Aadhaar based OTP, and your digital signature.
It will take around three to six months for the refund to be credited in your bank account if you file your ITR timely. I want you to remember that the time it takes for the refund to be credited also depends on the e-verification completion.
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Authors Of The Question
How long does it take to get TDS refund?
Hardika
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1 Answers
3 Year
2021-08-19T16:41:03+00:00 2021-09-02T17:38:02+00:00Comment
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