Mr Ajay Kumar Bakaya a senior citizen from Gurgaon faced a significant tax issue when he accidentally ove ...More

Mr Ajay Kumar Bakaya a senior citizen from Gurgaon faced a significant tax issue when he accidentally overpaid income tax on his tax-free bonds’ exempt interest income. After discovering this error, he filed a rectification application, which was initially rejected. He filed a case in ITAT Delhi and won it on September 23, 2026. ...Less

Missed the ITR filing deadline? Don't panic! You might still claim your TDS refund. Learn about filing be ...More

Missed the ITR filing deadline? Don't panic! You might still claim your TDS refund. Learn about filing belated returns, potential fees, interest, and the crucial condonation process if even that window has passed. Understand the implications for carry-forward losses and deductions. Avoid common mistakes to ensure your refund is processed smoothly. ...Less

Man pays lower income tax by setting off business loss with long term capital gains but gets income tax n ...More

Man pays lower income tax by setting off business loss with long term capital gains but gets income tax notice; Wins case in ITAT Delhi. ITAT Delhi held that since the law does not prescribe any sequence of set-off a taxpayer may choose his own sequence. ...Less

Rs 5.31 lakh tax refund denied as it was not claimed in the original ITR but in the subsequently filed Se ...More

Rs 5.31 lakh tax refund denied as it was not claimed in the original ITR but in the subsequently filed Section 148 ITR; ITAT Delhi orders the tax dept to issue the refund with interest. ...Less

ITR filing deadline: Taxpayers with business or profession income must file their returns today. This dea ...More

ITR filing deadline: Taxpayers with business or profession income must file their returns today. This deadline applies to those using ITR-3 and ITR-4 forms. More than seven crore income tax returns have already been filed. Individuals and HUFs with presumptive business income use ITR-4. Partners of non-audit firms also have this August 31 filing requirement. ...Less

Taxpayers engaged in business activities must submit either ITR-3 or ITR-4 by the deadline of August 31, ...More

Taxpayers engaged in business activities must submit either ITR-3 or ITR-4 by the deadline of August 31, 2026. While ITR-4 simplifies the process through presumptive taxation, ITR-3 demands a more detailed presentation of accounts. ...Less

For the assessment year 2026-2027, new changes have been introduced impacting those filing ITR-4. Taxpaye ...More

For the assessment year 2026-2027, new changes have been introduced impacting those filing ITR-4. Taxpayers need to be aware of six major updates to the form, which encompass revised investment disclosures and updated requirements for reporting house properties. Additionally, claims for political party deductions require specific information now, while the previous reporting relief under Section 89A has been eliminated, with a secondary address now optional. ...Less

Selling inherited property? Know who among the brothers and sisters are liable to pay capital gains tax o ...More

Selling inherited property? Know who among the brothers and sisters are liable to pay capital gains tax on it and how to claim tax relief. ...Less

A parliamentary committee has identified a concerning surge in income tax refunds that are taking too lon ...More

A parliamentary committee has identified a concerning surge in income tax refunds that are taking too long to process. To expedite genuine claims, they suggest leveraging artificial intelligence. Additionally, the committee pointed out serious issues with Goods and Services Tax evasion, citing uncollectible tax dues and fraudulent Input Tax Credit claims as critical areas requiring reform in tax administration through technological advancements. ...Less

Attention taxpayers: a fraudulent Income Tax notice demanding a payment of Rs 6,000 has been detected onl ...More

Attention taxpayers: a fraudulent Income Tax notice demanding a payment of Rs 6,000 has been detected online. The Fact Check team from the Press Information Bureau has categorically identified it as a phishing scam. Citizens are strongly advised not to respond to such deceptive messages from unfamiliar sources. Remember, the Income Tax Department will never ask for sensitive financial details via email. ...Less

Taxpayers who filed their income tax returns by the July 31 deadline are now awaiting refunds. The Income ...More

Taxpayers who filed their income tax returns by the July 31 deadline are now awaiting refunds. The Income Tax Department processes refunds after successful e-verification of the filed returns. ...Less

Filing your income tax returns punctually doesn't guarantee immunity from tax department notices. Often, ...More

Filing your income tax returns punctually doesn't guarantee immunity from tax department notices. Often, discrepancies arise between reported earnings and the data the department holds. Additional sources of income, misreported TDS or TCS credits, and large cash transactions lacking corresponding declared income can trigger further scrutiny. ...Less

Retirement is not synonymous with tax freedom. Your pensions, interest income, rental earnings, and capit ...More

Retirement is not synonymous with tax freedom. Your pensions, interest income, rental earnings, and capital gains may still incur taxes. It's crucial to identify which income streams are subject to taxation and which advantages remain untaxed to prevent errors and manage your finances wisely. Learn strategies to legally minimize your tax responsibilities after retirement and bolster your financial stability. ...Less

Filing income tax returns early increases processing likelihood but does not guarantee faster refunds. Su ...More

Filing income tax returns early increases processing likelihood but does not guarantee faster refunds. Successful e-verification and matching tax records are crucial for timely refund processing. Pre-validating bank accounts and avoiding complex disclosures expedite the refund process. Mismatched information and unverified returns can significantly delay refund issuance. Accurate details and prompt responses ensure smoother refund processing for taxpayers. ...Less

Many taxpayers who filed ITRs for FY 2024–25 (AY 2025–26) are still waiting for refunds. However, such de ...More

Many taxpayers who filed ITRs for FY 2024–25 (AY 2025–26) are still waiting for refunds. However, such delays are not uncommon and do not always indicate an issue with the return. ...Less

The Income Tax Department has uncovered a large tax refund fraud racket. A 30-year-old woman allegedly cr ...More

The Income Tax Department has uncovered a large tax refund fraud racket. A 30-year-old woman allegedly created fake deductions worth crores of rupees. She used these to secure fraudulent refunds for over three thousand clients nationwide. Coordinated raids led to the seizure of cash and fixed deposits. Prosecution proceedings have begun against the accused and her clients. ...Less

Income Tax Refunds Delay News: Taxpayers filing for FY 2024-25 are experiencing delayed refunds, though t ...More

Income Tax Refunds Delay News: Taxpayers filing for FY 2024-25 are experiencing delayed refunds, though the Income Tax Department remains within statutory processing timelines. Delays often stem from high-value claims, pending demands, or simple taxpayer errors like claiming deductions not reported to employers. ...Less

Thousands of taxpayers are still waiting for their income tax refunds even though they filed returns mont ...More

Thousands of taxpayers are still waiting for their income tax refunds even though they filed returns months back. Read on to find out what the CBDT chairman has said about high-value refunds. ...Less

Income tax refund: After submitting your tax return, if you meet the requirements for a tax refund, you s ...More

Income tax refund: After submitting your tax return, if you meet the requirements for a tax refund, you should receive the refund plus interest at a specific rate in the event of a delay. Nonetheless, this is not always the case. ...Less

ITR Refund Status Check: Many taxpayers are experiencing delays in receiving their Income Tax Return (ITR ...More

ITR Refund Status Check: Many taxpayers are experiencing delays in receiving their Income Tax Return (ITR) refunds this year. The Income Tax Department offers online methods to check refund status via PAN on the e-filing or TIN websites. Refunds are typically processed within four to five weeks after e-verification, but delays can occur due to various reasons. ...Less

As per the Income Tax Act, a person is required to file his/her income tax return in the relevant assessm ...More

As per the Income Tax Act, a person is required to file his/her income tax return in the relevant assessment year by July 31 (unless the deadline is extended) to claim the tax refund. Here are the steps to file an income tax return to claim a tax refund from the income tax department. ...Less

After processing your income tax return, the tax department must state in your intimation notice that you ...More

After processing your income tax return, the tax department must state in your intimation notice that you have an income tax refund due. If the income tax refund is due to you as per the income tax department, then here are the steps you must follow to check the income tax refund status. ...Less

Income tax refund status: If you've overpaid taxes for a financial year, you can claim an income tax refu ...More

Income tax refund status: If you've overpaid taxes for a financial year, you can claim an income tax refund after filing your income tax return (ITR). The refund is issued after your ITR is processed and confirmed via an intimation notice under section 143(1) of the Income-tax Act, 1961. The deadline for filing returns for FY 2023-24 (AY 2023-24) is July 31, 2024. ...Less

After submitting your income tax return (ITR) for that fiscal year, you may be eligible for an income tax ...More

After submitting your income tax return (ITR) for that fiscal year, you may be eligible for an income tax refund if you paid more in taxes than your actual tax obligation. ...Less

Income tax refund pending: If income tax department does not process the income tax return (ITR), the tax ...More

Income tax refund pending: If income tax department does not process the income tax return (ITR), the taxpayer will not get their income tax refund dues (if any). The income tax laws mandate the deadline by which the income tax department must process the tax return. Read on to know the due date for the same. ...Less

Experts are urging the government to introduce a real-time income tax refund tracker on the e-filing port ...More

Experts are urging the government to introduce a real-time income tax refund tracker on the e-filing portal ahead of Budget 2026. This move aims to alleviate taxpayer anxiety and financial planning challenges caused by delayed refunds. The proposed tracker would offer clear status updates and an escalation option for prolonged delays, enhancing transparency and efficiency. ...Less

The income tax department had previously announced that from March 1, 2019, it will issue only e-refunds. ...More

The income tax department had previously announced that from March 1, 2019, it will issue only e-refunds. These tax refunds will be credited only to those bank accounts which are linked with PAN and are also pre-validated on the new income tax e-filing website. Here is a step-by-step guide to pre-validate a bank account on the new income tax portal to get the income tax refund on time. ...Less

Once your income tax return is processed by the tax department, the refund will be issued to you, if due. ...More

Once your income tax return is processed by the tax department, the refund will be issued to you, if due. Here is how you can check the tax refund status. Do keep in mind that the refund is processed by the State Bank of India (SBI). ...Less

About 92 per cent of the income-tax refund claims for fiscal 2007-08 will be settled without the taxpayer ...More

About 92 per cent of the income-tax refund claims for fiscal 2007-08 will be settled without the taxpayers needing to produce TDS certificates, as the Government has relaxed the criteria in this regard. ...Less

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"CBDT issues refunds of over Rs 1,54,302 crore to more than 1.59 crore taxpayers from 1st Apr, 2021 to 10 ...More

"CBDT issues refunds of over Rs 1,54,302 crore to more than 1.59 crore taxpayers from 1st Apr, 2021 to 10th January, 2022," the Income Tax Department said in a tweet. ...Less

Income tax refund from outstanding tax demand waiver: The interim budget 2024 announced the waiving off o ...More

Income tax refund from outstanding tax demand waiver: The interim budget 2024 announced the waiving off old outstanding tax demands for a specified amount upto specified financial years. However, many taxpayers are wondering if they will get income tax refund from previous years. Also what if their income tax refund amount is stuck due to litigation? Read on to know more about it. ...Less

Income tax refund: Generally after filing of ITR if you are eligible for a tax refund, it is given to you ...More

Income tax refund: Generally after filing of ITR if you are eligible for a tax refund, it is given to you along with a specified interest. However in certain situations you don't get this interest and in other situations like when the tax refund amount is Rs 100, you don't get this too. ...Less

If there is any income tax refund due to you as per the income tax department's calculations, it usually ...More

If there is any income tax refund due to you as per the income tax department's calculations, it usually is credited to your bank account in few weeks. However, there is a certain amount of income tax refund which is not credited to the individual's bank account. Read on to know why. ...Less

ITRs must be filed before the due date. Timely filing helps the I-T department manage the workload effici ...More

ITRs must be filed before the due date. Timely filing helps the I-T department manage the workload efficiently and ensures that the return is processed promptly. ...Less

The income tax refund is processed by State Bank of India (SBI) and is directly credited to the bank acco ...More

The income tax refund is processed by State Bank of India (SBI) and is directly credited to the bank account nominated by the taxpayer in his/her ITR at the time of filing it. ...Less

It has come to the notice of the Income Tax Department that certain taxpayers were unable to receive thei ...More

It has come to the notice of the Income Tax Department that certain taxpayers were unable to receive their income tax refunds as there may be outstanding tax demand pending from the previous year(s). ...Less

All pending income tax refunds up to Rs 5 lakh will be issued immediately to individuals and business ent ...More

All pending income tax refunds up to Rs 5 lakh will be issued immediately to individuals and business entities. ...Less

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If your income tax return has been processed and refund is confirmed but still pending, you need to check ...More

If your income tax return has been processed and refund is confirmed but still pending, you need to check the status of the refund. Here are the three possible reasons why your ITR is still pending. ...Less

Unintentional error in bank details, delay in processing of paper income tax return (ITR), change in resi ...More

Unintentional error in bank details, delay in processing of paper income tax return (ITR), change in residential address are among the common reasons for the delay. ...Less

How to check income tax refund status ...More

How to check income tax refund status ...Less

This is a one-time measure to clear the backlog of refunds and accordingly the reduced timeline of 15 day ...More

This 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 31, 2016. ...Less

Income tax refund: Taxpayers await income tax refunds after the September 16, 2025, deadline. E-verificat ...More

Income tax refund: Taxpayers await income tax refunds after the September 16, 2025, deadline. E-verification starts the refund process. Refunds usually arrive in four to five weeks. Delays occur due to data mismatches or incorrect bank details. Check refund status on the Income Tax portal. Ensure bank details are pre-validated and PAN is linked to Aadhaar. There is no upper limit on refunds. ...Less

ITR Filing Last Date: Many taxpayers are facing delays in receiving their income tax refunds due to vario ...More

ITR Filing Last Date: Many taxpayers are facing delays in receiving their income tax refunds due to various reasons, including incorrect bank details, unvalidated accounts, or a PAN not linked with Aadhaar. Refunds are typically processed within 2 to 5 weeks after e-verification, but larger refunds may undergo additional scrutiny. ...Less

"Income-tax refunds amounting to Rs 1,19,964.13 crore relating to last three assessment years are pending ...More

"Income-tax refunds amounting to Rs 1,19,964.13 crore relating to last three assessment years are pending as on March 5, 2015," Sinha said. ...Less

The refunds have been issued since April 1, 2020 when the government took the decision to issue pending i ...More

The refunds have been issued since April 1, 2020 when the government took the decision to issue pending income tax refunds at the earliest. ...Less

If you're constantly checking your bank account for that tax refund, this guide will help you track your ...More

If you're constantly checking your bank account for that tax refund, this guide will help you track your income tax refund status check online and understand why delays happen. ...Less

Income tax refund: No tax refund for identified taxpayers because their income tax return (ITR) has been ...More

Income tax refund: No tax refund for identified taxpayers because their income tax return (ITR) has been identified by the 'Risk Management System (RMS) of the Income tax department. If your ITR is among the identified ITRs then no refund will be issued, unless you confirm it or file a revised ITR to fix the highlighted issue. ...Less

Income tax refunds for the 2025-26 assessment year are being credited. Some taxpayers are still waiting f ...More

Income tax refunds for the 2025-26 assessment year are being credited. Some taxpayers are still waiting for their refunds. The CBDT Chairman explained that delays occur due to reviews of deduction claims. Taxpayers can check their refund status online. Incorrect bank details or ITR errors can also cause delays. The department aims to release remaining refunds soon. ...Less

Individual and small corporate taxpayers will get income or corporate tax refunds in four months, with th ...More

Individual and small corporate taxpayers will get income or corporate tax refunds in four months, with the refund banker scheme spreading across the country soon. ...Less

Even as income-tax payers grapple with non-acceptance of their returns, it’s surely not a good time to ex ...More

Even as income-tax payers grapple with non-acceptance of their returns, it’s surely not a good time to expect refunds. ...Less

Income tax refund: No refund of income tax is given in case your name in the PAN and bank account is not ...More

Income tax refund: No refund of income tax is given in case your name in the PAN and bank account is not the same. Even if there is a slight mismatch in the name, the tax department may stop the tax payment. Read below to know what are your options and how to get tax refund in such cases. ...Less

The Central Board of Direct Taxes (CBDT) issued income tax refunds totaling more than Rs. 1.14 lakh crore ...More

The Central Board of Direct Taxes (CBDT) issued income tax refunds totaling more than Rs. 1.14 lakh crore to more than 1.97 crore taxpayers. ...Less

Taxpayers are entitled to receiving refunds, if payable, after their returns have been processed by the C ...More

Taxpayers are entitled to receiving refunds, if payable, after their returns have been processed by the Central Processing Centre in Bangalore. ...Less

Are now awaiting an income tax refund? Here are four points you should know. ...More

Are now awaiting an income tax refund? Here are four points you should know. ...Less

Sec 143 (1) notices sent by the income tax department to taxpayers after processing their returns also in ...More

Sec 143 (1) notices sent by the income tax department to taxpayers after processing their returns also indicate the above in cases where there is a refund or tax demand of less than this amount. ...Less

As many as 8-10 lakh income tax assessees in parts of Delhi and Patna will get refunds faster as the gove ...More

As many as 8-10 lakh income tax assessees in parts of Delhi and Patna will get refunds faster as the government has appointed State Bank of India as banker to credit the amount under this head to the taxpayers' accounts. ...Less

Income tax refunds are processed in two ways: Direct credit through RTGS / NECS or by a paper cheque. ...More

Income tax refunds are processed in two ways: Direct credit through RTGS / NECS or by a paper cheque. ...Less

All registered taxpayers on the e-Filing portal (post-login) who have a valid PAN and a valid bank accoun ...More

All registered taxpayers on the e-Filing portal (post-login) who have a valid PAN and a valid bank account can use the My Bank Account service. ...Less

Expressing concern over unusual delays in income-tax refunds, which have increased in recent years, the D ...More

Expressing concern over unusual delays in income-tax refunds, which have increased in recent years, the Delhi High Court has said in a ruling that the authorities cannot withhold the return of due amount to an assessee in perpetuity. ...Less

Once the income tax is filed and verified, then an individual waits to get the income tax refund (if any ...More

Once the income tax is filed and verified, then an individual waits to get the income tax refund (if any due). However, not many people are aware of the time it takes to get the income tax refund from the income tax department. Read on to know what income tax laws say about it. ...Less

"CBDT issues refunds of over Rs 1,62,448 crore to more than 1.79 crore taxpayers from 1st Apr,2021 to 24t ...More

"CBDT issues refunds of over Rs 1,62,448 crore to more than 1.79 crore taxpayers from 1st Apr,2021 to 24th Jan,2022," the Income Tax department tweeted. ...Less

Income tax department has passed an order stating that individuals who had filed ITRs for AY 2018-19 (FY ...More

Income tax department has passed an order stating that individuals who had filed ITRs for AY 2018-19 (FY 2017-18), AY 2019-20 (FY 2018-19) and AY 2020-21 (FY 2019-20) and still not received their income tax refund yet, would now get so by January 31, 2023. However if an individual has got an tax demand at the time of ITR filing or after processing of ITR, this relaxation would not be applicable. ...Less

Two significant changes to income tax refund rules are effective from April 1, 2026, impacting Tax Year 2 ...More

Two significant changes to income tax refund rules are effective from April 1, 2026, impacting Tax Year 2026-27. The Finance Act 2026 clarifies interest computation for past tax years and allows tax refunds to be set off against demands under either the old or new Income Tax Acts, simplifying processes for taxpayers. ...Less

Income tax refund: You may have to wait a big longer if you have filed the complicated income tax return ...More

Income tax refund: You may have to wait a big longer if you have filed the complicated income tax return (ITR) forms like ITR-2 or ITR-3. "Generally, it is observed that simpler forms like ITR-1 are processed more quickly as compared to complex forms like ITR-3," says CA Muskkan Kukreja, Assistant Director and Program Coordinator -Accounting and Finance, S K Somaiya College. ...Less

"CBDT issues refunds of over Rs 1,36,962 crore to more than 41.25 lakh taxpayers between 1st April, 2020 ...More

"CBDT issues refunds of over Rs 1,36,962 crore to more than 41.25 lakh taxpayers between 1st April, 2020 to 24th November,2020. Income tax refunds of Rs 36,028 crore have been issued in 39,28,067 cases & corporate tax refunds of Rs 1,00,934 crore have been issued in 1,96,880 cases," the I-T Department tweeted. ...Less

ITR Filing: The Central Board of Direct Taxes recently issued a circular for condonation of delay in fili ...More

ITR Filing: The Central Board of Direct Taxes recently issued a circular for condonation of delay in filing ITR. The latest circular has reduced the time limit for applying for condonation of delay. This condonation of delay request is filed by a taxpayer to claim old income tax refunds and carry forward of losses and set off. ...Less

How to claim income tax refund online: You may be eligible for a tax refund if you have paid more taxes t ...More

How to claim income tax refund online: You may be eligible for a tax refund if you have paid more taxes than you owe. You can claim the refund when filing your income tax return (ITR) by the deadline of July 31, 2024 for FY 2023-24 (AY 2024-25). ...Less

According to senior taxmen, they reject an overwhelmingly large number of eligible cases every year for w ...More

According to senior taxmen, they reject an overwhelmingly large number of eligible cases every year for what they call the incidence of missing entries. ...Less

Tax refund: If you doubt the calculation taken by the income tax department in regard to your ITR then yo ...More

Tax refund: If you doubt the calculation taken by the income tax department in regard to your ITR then you have the option to file a rectification request. If the department has processed your income tax return then a section 143(1) intimation will be sent. This intimation will mention the tax refund amount. ...Less

Many taxpayers are still waiting for their AY 2025–26 income tax refunds, even as others have already rec ...More

Many taxpayers are still waiting for their AY 2025–26 income tax refunds, even as others have already received theirs after filing and verifying their returns. Read on to find out why it is getting delayed and how to check your ITR refund status. ...Less

"CBDT issues refunds of over Rs 2,00,411 crore to more than 2.02 crore taxpayers between 1st April 2020 t ...More

"CBDT issues refunds of over Rs 2,00,411 crore to more than 2.02 crore taxpayers between 1st April 2020 to 8th March 2021," the I-T department tweeted. ...Less

"CBDT issues refunds of over Rs. 1,81,336 crore to more than 1.74 crore taxpayers between 1st April, 2020 ...More

"CBDT issues refunds of over Rs. 1,81,336 crore to more than 1.74 crore taxpayers between 1st April, 2020 to 25th January, 2021," the department tweeted. ...Less

The income tax refunds will be credited only to bank accounts (savings/current/cash/OD) which are linked ...More

The income tax refunds will be credited only to bank accounts (savings/current/cash/OD) which are linked to PAN, w.e.f. March 1, 2019. ...Less

Of this, personal income tax refunds worth Rs 5,575 crore were issued in over 12.71 lakh cases and corpor ...More

Of this, personal income tax refunds worth Rs 5,575 crore were issued in over 12.71 lakh cases and corporate tax refunds of Rs 11,486 crore were issued to 29,592 taxpayers. ...Less

Rs 17.41 lakh penalty imposed due to error in ITR filed by junior staff in CA firm; Here's how affidavit ...More

Rs 17.41 lakh penalty imposed due to error in ITR filed by junior staff in CA firm; Here's how affidavit from the CA firm's owner helps taxpayer get relief from penalty in ITAT Mumbai. Know how taxpayer won case in ITAT Mumbai ...Less

claim income tax refund: An individual can claim income tax refund while filing their income tax return. ...More

claim income tax refund: An individual can claim income tax refund while filing their income tax return. However, it may happen that the taxpayer received excess income in the previous year and paid taxes accordingly. Now, the taxpayer needs to return the excess income received. Can he also claim income tax refund on it? ...Less

Income tax refund: The tax department begins processing refunds after the taxpayer verifies the form elec ...More

Income tax refund: The tax department begins processing refunds after the taxpayer verifies the form electronically. The refund is typically credited to the taxpayer's account in four to five weeks. If your refund has failed, you have to submit a “Refund Reissue Request” as applicable. ...Less

Many taxpayers who filed ITRs for FY 2024–25 (AY 2025–26) are still waiting for income tax refunds. Such ...More

Many taxpayers who filed ITRs for FY 2024–25 (AY 2025–26) are still waiting for income tax refunds. Such delays are not unusual and do not necessarily indicate an error in the return. Read on to find out when ITR refund can be expected. ...Less

In the first half of the current financial year, LIC's new business premium income (individual) segment r ...More

In the first half of the current financial year, LIC's new business premium income (individual) segment registered a 2.65 per cent growth to Rs 25,184 crore as against Rs 24,535 crore in the year-ago period, as per the filing. New business premium is the premium due in the first policy year of a life insurance contract. ...Less

Due to changes in bank account details, previously validated bank accounts may need to be updated and re- ...More

Due to changes in bank account details, previously validated bank accounts may need to be updated and re-validated. ...Less

ITR filing experience this year will be different from previous years due to several modifications introd ...More

ITR filing experience this year will be different from previous years due to several modifications introduced by the Income Tax Act of 1961 for FY 2024-25. T Wealth Online spoke to several tax experts to gain insights into the changes in this year's ITR filing process. ...Less

"CBDT issues refunds of over Rs. 67,401 crore to more than 23.99 lakh taxpayers between 1 April 2021 to 3 ...More

"CBDT issues refunds of over Rs. 67,401 crore to more than 23.99 lakh taxpayers between 1 April 2021 to 30 August 2021. Income tax refunds of Rs. 16,373 crore have been issued in 22,61,918 cases and corporate tax refunds of Rs. 51,029 crore have been issued in 1,37,327 cases," Income Tax India tweeted. ...Less

Income tax refunds to individuals, upto Rs 5 lakh that have been pending will be released quickly, which ...More

Income tax refunds to individuals, upto Rs 5 lakh that have been pending will be released quickly, which will benefit some 14 lakh people. ...Less

The bank received ₹497 crore as income tax refund in the quarter ending March as against ₹8 crore in the ...More

The bank received ₹497 crore as income tax refund in the quarter ending March as against ₹8 crore in the comparable period, which helped to push up profits for the fourth quarter. ...Less

The income tax department has tweaked the process of claiming the tax refund from this year. ...More

The income tax department has tweaked the process of claiming the tax refund from this year. ...Less

The income tax department is sending emails to individual taxpayers asking them to confirm that the claim ...More

The income tax department is sending emails to individual taxpayers asking them to confirm that the claims made in their ITR are correct. Such emails are sent if an individual has an income tax refund due to them. An individual is required to send a confirmation by submitting a response on the new e-filing income tax portal. ...Less

Of this personal income tax refunds worth Rs 5,047 crore has been issued in over 11.51 lakh cases. Corpor ...More

Of this personal income tax refunds worth Rs 5,047 crore has been issued in over 11.51 lakh cases. Corporate tax refunds of Rs 10,392 crore have been issued to 21,487 taxpayers. ...Less

"Income tax refunds of Rs 33,548 crore have been issued in 89,53,923 cases & corporate tax refunds of Rs ...More

"Income tax refunds of Rs 33,548 crore have been issued in 89,53,923 cases & corporate tax refunds of Rs 78,942 crore have been issued in 1,75,692 cases," the Income Tax department tweeted. ...Less

The Income Tax department has issued 40 lakh refunds worth Rs 25,000 crore in the current financial year ...More

The Income Tax department has issued 40 lakh refunds worth Rs 25,000 crore in the current financial year to taxpayers. ...Less

In a tweet, the department said income tax refunds of Rs 49,194 crore have been issued to 1,35,35,261 ent ...More

In a tweet, the department said income tax refunds of Rs 49,194 crore have been issued to 1,35,35,261 entities and corporate tax refunds of Rs 95,133 crore have been issued in over 2.11 lakh cases. ...Less

Income tax refunds of Rs 29,361 crore have been issued in 23,91,517 cases & corporate tax refunds of Rs 6 ...More

Income tax refunds of Rs 29,361 crore have been issued in 23,91,517 cases & corporate tax refunds of Rs 66,493 crore have been issued in 1,63,272 cases ...Less

Many taxpayers have recently received their income tax refunds. This follows a period where large refunds ...More

Many taxpayers have recently received their income tax refunds. This follows a period where large refunds experienced delays. Tax experts confirm a surge in refund issuances. The Income Tax Department's data shows substantial refund amounts processed. Government officials explained that data analytics campaigns caused some processing delays. ...Less

Income tax refund: Taxpayers filing revised or belated ITRs by December 31, 2025, have until December 31, ...More

Income tax refund: Taxpayers filing revised or belated ITRs by December 31, 2025, have until December 31, 2026, for the Income Tax Department to process them. If the deadline passes without processing, the ITR becomes final, and any due refund will be issued with interest. ...Less

Income tax refund: The income tax department will scrutinise your filed returns and handle the refund onc ...More

Income tax refund: The income tax department will scrutinise your filed returns and handle the refund once received. Note that having a validated bank account is essential for receiving of refunds. ...Less

It may happen that an individual has incorrectly filed his ITR by July 31, 2023 for FY 2022-23 (AY 2023-2 ...More

It may happen that an individual has incorrectly filed his ITR by July 31, 2023 for FY 2022-23 (AY 2023-24), and the ITR got processed and he/she got the income tax refund too. However now realising his/her mistake the individual wants to file an revised ITR to give back the excess income tax refund. ...Less

The Enforcement Directorate arrested Purshottam Chavan in connection to a Rs 263 crore income tax refund ...More

The Enforcement Directorate arrested Purshottam Chavan in connection to a Rs 263 crore income tax refund fraud money laundering case. He was taken into custody after a raid on his Mumbai premises and has been detained until May 27. This is the fifth arrest in the case. The investigation involves alleged fraudulent issuance of TDS refunds. Chavan accused of attempting to obstruct the probe by destroying evidence. ...Less