Income tax refund delays beyond December 31 are not uncommon, as there is no penal consequence for the department during this ...

I-T Department's deadline given to people for filing their revised ITRs is in focus now. However, some refunds filed have ...

Income Tax Department urges taxpayers to file revised or belated returns for AY 2025–26 by December 31 to avoid higher tax ...

The ruling framework mandates extra tax of 25% to 70% over tax and interest based on delay. This makes timely belated filing financially ...

Once return is processed, refund is due to the taxpayer however there is no specific time limit for issue of refund ...

Taxpayers are advised to track their return status on the income tax e-filing portal and wait for the intimation once it is ...

ET Online Missed the December 31, 2025 deadline to file revised ITR? Here’s what to do in tax refund cases (AI generated ...

The Centralised Processing Centre (CPC) handles this and any hold-ups can stem from risk assessments. If no update arrives by ...

According to the Income Tax Department’s latest figures, about 8.80 crore returns have been filed for the Assessment Year ...

Taxpayers who have identified errors in their income tax returns for the 2024-25 financial year can still file a revised ITR ...

AY structure with a unified Tax Year under the new law. The key takeaway is simpler compliance, clearer timelines, and fewer filing errors without changing core tax ...

ITR Filing: As the deadline to file income tax returns nears, taxpayers must remain cautious to avoid inaccuracies, which may cause delays or even penalties. From selecting the applicable tax regime ...