Many taxpayers expected quick refunds, but the processing has slowed down. CBDT Chairman Ravi Agrawal recently clarified that ...
Many taxpayers are experiencing delays in receiving their income tax refunds due to common filing errors. These include failing to verify ITRs within 30 days, not addressing defects, or having ...
Generally, the delay in transactions is due to technical reasons. However, refunds are typically credited into the bank account within 15 to 30 days of processing.
If your ITR refund hasn't arrived yet, simply waiting won't help. You need to understand why your ITR refund hasn't been processed yet. ITR Refund Delay: The last date for filing Income Tax Returns ...
Many taxpayers face issues with missing foreign asset and income details in revised Income Tax Returns. If a taxpayer has any ...
The Finance Ministry said that new Income Tax Return forms will be released before the financial year 2027-28. This follows a ...
Usually, it takes 4 to 5 weeks for the refund to be credited to the taxpayer's account. However, if the refund is not ...
There are certain scenarios in which you can file a revised return, but these do not include the filing of a return after an ...
Explains how taxpayers can fix common ITR errors through revised returns and portal corrections. Key takeaway: Most mistakes are easily rectifiable within the assessment ...
Revised returns serve as a safety net for correcting inaccuracies in original or belated returns, such as omitted income, ...
The refund process begins only after your ITR has been successfully e-verified. In most cases, refunds are credited within ...
The Court held that the tax authority wrongly dismissed a delay condonation plea without considering the assessee’s serious medical condition. The ruling emphasizes that genuine hardship must be ...