FY24-25 income tax refunds delayed due to deductions & data checks. Learn why your ITR refund is delayed & how to check its ...

Sometimes, defective returns under Section 154 need to be corrected before a refund is issued. Large refunds may also be ...

ITR Filing 2023: What should a taxpayer refer to while filing his/her income tax return (ITR) - Form 26AS or Annual Information Statement (AIS)? An individual was required to check Form 26AS before ...

Generally, the delay in transactions is due to technical reasons. However, refunds are typically credited into the bank ...

The CBDT has also advised taxpayers to file a revised ITR in case they had made possible errors in their filing ...

Belated ITR filers should also be aware of penalties and charges. Section 234F imposes a late fee of Rs 5,000 (Rs 1,000 if ...

AIS and 26AS collect and consolidate data from banks, employers, brokers, and property registrars. Filing an ITR simply confirms pre-existing financial records, making unreported income easily ...

Income Tax Refund 2025 is delayed due to scrutiny of wrongful deductions. CBDT promises most refunds by December with ...

Taxpayers across India are experiencing income tax refund delays in 2025 even after filing their ITR well on time. According to officials, the income tax refund delays are mainly due to increased ...

Non-response to income tax intimations can lead to disallowing of claimed credits or deductions. It may also trigger penalty proceedings for concealment or non-compliance, including fees and interest ...