Many taxpayers expected quick refunds, but the processing has slowed down. CBDT Chairman Ravi Agrawal recently clarified that ...
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.
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 ...
Tax returns this year have caused a state of confusion. The deadline for submitting Income Tax Returns (ITR) for AY 2025-26 ended on September 16, 2025, and a majority of people have received the ...
Usually, it takes 4 to 5 weeks for the refund to be credited to the taxpayer's account. However, if the refund is not ...
The Finance Ministry said that new Income Tax Return forms will be released before the financial year 2027-28. This follows a ...
Explains how taxpayers can fix common ITR errors through revised returns and portal corrections. Key takeaway: Most mistakes are easily rectifiable within the assessment ...
There are certain scenarios in which you can file a revised return, but these do not include the filing of a return after an ...
The refund process begins only after your ITR has been successfully e-verified. In most cases, refunds are credited within ...
Revised returns serve as a safety net for correcting inaccuracies in original or belated returns, such as omitted income, ...
Many taxpayers face issues with missing foreign asset and income details in revised Income Tax Returns. If a taxpayer has any ...
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 ...