ITR
E-verifying ITR-2 and tracking the refund
Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Facts
A return must be e-verified within 30 days of filing, or it is treated as filed on the verification date. CPC then processes it and sends an intimation. Refunds go only to a pre-validated bank account linked to your PAN.
Provisions and law
- Sec 143(1) (now Sec 270(1))The return is processed and an intimation shows the tax, interest, refund or demand worked out
- Sec 245 (now Sec 438)A refund can be set off against an outstanding demand after giving you notice
Analysis
Once verified, processing under Sec 143(1) (now Sec 270(1)) usually takes a few weeks. Check status under e-File, View Filed Returns, and refund status on the portal. If you have an old demand, CPC may propose to adjust the refund under Sec 245 and will ask you to respond. Make sure your PAN is linked to Aadhaar, or the refund can be withheld.
Conclusion
- E-verify the return right after filing.
- Pre-validate your bank account under My Profile.
- Track status in View Filed Returns.
- Respond to any refund adjustment notice.
A Savvy can do this for you
Income tax return with capital gains, ITR-2
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