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...
19 Nov, 2025, 04.07 PM IST
I-T return forms, rules under simplified Income Tax Act, 2025 to be released by January 2026The Central Board of Direct Taxes (CBDT) will release simplified Income Tax return forms and rules for the new Income Tax Act, 2025, by Jan...
17 Nov, 2025, 11.55 PM IST
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...
17 Nov, 2025, 06.53 PM IST
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...
29 Apr, 2025, 05.12 PM IST
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...
20 Nov, 2024, 11.42 AM IST
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...
01 Oct, 2024, 08.48 PM IST
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...
28 Jul, 2024, 03.39 PM IST
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 ...
22 May, 2020, 04.17 PM IST
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...
21 Apr, 2020, 09.01 PM IST
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...
16 May, 2018, 03.39 PM IST
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...
20 Dec, 2017, 11.33 AM IST
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.
11 Jun, 2016, 10.45 AM IST
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...
27 Apr, 2016, 01.37 PM IST
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...
07 Mar, 2016, 07.37 PM IST
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...
02 Mar, 2013, 02.28 PM IST
- Government decides to sit on taxpayers' money; may delay income-tax refunds
Law permits government to delay refunds till next fiscal. The statutory time limit to process returns & issue refunds for current fiscal is...
25 May, 2011, 11.38 AM IST
- CBDT wants interest to piggyback tax refund
The income-tax department has instructed all its field formations to ensure that interest on refunds was paid along with the refund.
17 Apr, 2007, 02.58 AM IST