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Income Tax Refund:  As the deadline for filing an income tax return is approaching, the rate to file ITR has paced as well. Meanwhile, after filling out their ITR, taxpayers often wonder, about the number of days they have to wait to get their return. Taxpayers, who have filled their ITR are eagerly waiting to get their balance. Here we tell you in how many days the return comes in the taxpayers' bank account.

July 31 is the deadline for ITR

The deadline for filing an Income Tax Return (ITR) for the financial year 2023-24 (Assessment Year 2024-25) is July 31st, 2024. Even if the ITR is submitted by the deadline, it is critical to keep in mind whether the Income Tax Department processes it or not. The ITR will not be credited to the ITR filer's bank account if it is not processed successfully. It takes time for the ITR to be processed successfully.

Tax experts recommend that, on average, processing of income tax returns takes 15-45 days from the date of e-verification of the ITR. The period is longer if offline verification (ITR-V form) is used.

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How to file income tax returns online?

- Visit the Income Tax e-filing website https://www.incometax.gov.in/iec/foportal/ and log in using your PAN number and password.
- Find, File Income Tax Returns, option on the Home Page.
- Next, you must choose the assessment year in the following step.

- Following this, you need to choose between Individual, HUF, and other options available.

- As an individual, You should click 'Individual' to proceed further in the ITR filling process.
- Next, you have to pick types of ITR. There are seven different types of ITRs in India.

- ITR forms 1 and ITR form 4 are for individuals and HUF.
- The kind and reason for the ITR must be selected in the next step. Here, you must pick alternatives like taxable income higher than the basic exemption, and particular standards must be satisfied. The box beneath must then be clicked and Pre-field data must be updated.

- You have to validate your PAN, Aadhaar, name, date of birth, contact information, and bank details.

- Next, you have to provide information on income, tax, and exemption deductions. You will then be required to confirm. If any tax is still due after providing the information, it must be paid.

Documents Required for Filing ITR Online

PAN and Aadhaar card, Form 16, Bank statement, Donation slip, Investment, Interest certificate insurance policy payment receipts, and certificate or receipt of home loan payment are required to file income tax returns.

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