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CBDT REFUNDS DELAY
Good news for taxpayers! Faster tax refunds, quicker dispute resolution, TDS framework improvements and more planned by CBDT for 2026-27Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes. The Central Board of Direct Taxe...- Income Tax refund delay: Why refunds for FY 2024-25 ITR filings are taking longer and what you can doIncome Tax Refunds Delay News: Taxpayers filing for FY 2024-25 are experiencing delayed refunds, though the Income Tax Department remains w...
- Real-time income tax refund tracker on the ITR e-filing portal is needed in Budget 2026, say expertsExperts are urging the government to introduce a real-time income tax refund tracker on the e-filing portal ahead of Budget 2026. This move...
- Income Tax Refund delay: Here's when your refund will be credited! Check how much interest government owes you
- ITR refund not credited yet? Here's how much interest you may be owedWaiting months for your income tax refund? The government may owe you interest. While CBDT Chairman Ravi Agrawal has attributed recent dela...
- Refunds delay: CBDT Chairman says I-T dept analysing wrongful claims; payouts likely by DecThe Income-Tax Department is analyzing wrongful deductions claimed in high-value refund cases, leading to delays. Legitimate payouts are ex...
- ITR forms yet to be notified by Income Tax Department: Will it lead to ITR filing deadline extension?ITR filing deadline 2025: The income tax department has not yet notified the income tax return forms. As the one month is about to pass, wi...
- Income Tax Department reduces time allowed to apply for old income tax refunds; check the new time limitITR Filing: The Central Board of Direct Taxes recently issued a circular for condonation of delay in filing ITR. The latest circular has re...
- Easier to claim tax refund in delayed ITR: CBDT doubles the limit for tax refund jurisdiction of commissioners for condonation of delayIncome tax refund: The Ministry of Finance has almost doubled the tax refund limit for accepting or rejecting condonation of delay requests...
- Making exaggerated, bogus claims to get refunds punishable offence: I-T DepartmentThe Income Tax Department urged taxpayers to file accurate returns and avoid false claims for deductions or expenses to ensure timely refun...
- Income Tax dept issues refunds of Rs 26,242 crore since AprilIncome-tax refund of Rs 14,632 crore to 15,81,906 assesses and corporate tax refund amounting to Rs 11,610 crore to 1,02,392 assesses have ...
- CBDT says it's mails to 1.72 lakh assesses to settle refund against outstanding tax cannot be misconstrued as harassmentSince April 8, the CBDT has been fast-tracking refund payments to help taxpayers in the COVID-19 pandemic situation and has till date issue...
- CBDT directs income tax department to hold grievance redressal fortnight for taxpayers in JuneCBDT, in an official communication, said that the redressal of public grievance and taxpayer service is an area of "top priority" for the b...
- Interest on delayed I-T refunds cost CBDT Rs 58,000 crore in 9 yearsThe CAG pointed out: “Article 114(3) of the Constitution stipulates that no money shall be withdrawn from the Consolidated Fund of India ex...
- How ministries are using suggestions from PMO-prompted study to address citizen grievancesThe study identified the top 20 grievance-prone ministries and departments, and zeroed in on the most frequent types of complaints.
- IT department to pay interest on TDS refundThe clarificatory note has been issued by the policy-making body (CBDT) of the IT department as it has been a subject matter of "controvers...
- CBDT halves Income Tax refunds issue timeline to 15 days for this fiscalThis is a one-time measure to clear the backlog of refunds and accordingly the reduced timeline of 15 days shall be valid only till March 3...
- Government withholds I-T refunds worth Rs 43.5k cr to earn interest of Rs 15k crThe government has been earning more than Rs 15,000 crore annually by delaying refunds to the tune of Rs 43,500 crore over the past four ye...
- Government decides to sit on taxpayers' money; may delay income-tax refundsLaw permits government to delay refunds till next fiscal. The statutory time limit to process returns & issue refunds for current fiscal is...
- CBDT wants interest to piggyback tax refundThe income-tax department has instructed all its field formations to ensure that interest on refunds was paid along with the refund.
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