Quick Summary
Despite the December 31 deadline for filing belated income-tax returns having passed weeks ago, a large number of taxpayers are still awaiting processing of their returns and the credit of refunds. Many continue to check the income-tax portal daily, hoping for an update. Latest figures from the Inc
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
Refunds are delayed due to increased technological scrutiny, where returns are matched against multiple financial databases. Discrepancies can flag returns for further examination, and the 'nudge' policy requires taxpayers to correct mismatches before refunds are processed.
Approximately 63 lakh income tax returns for AY 2025-26 are still pending processing.
Yes, the delays are within the statutory time limits. The Income Tax Department has up to nine months from the end of the financial year to process returns, meaning returns for AY 2025-26 can be processed until December 2026.
The 'nudge' policy means that if discrepancies are found in a return, refunds are not released immediately. Instead, taxpayers are notified and given an opportunity to revise their returns to align the data.
Yes, a delayed refund does not mean it's rejected. Eligible taxpayers are entitled to interest if processing exceeds prescribed timelines. Even if statutory deadlines for belated returns have passed, you may still have refund rights.
You can submit a condonation application explaining the reasons for the delay, such as medical issues or incorrect advice, along with supporting evidence. This application can be considered even after statutory timelines have expired, provided there's a reasonable cause.
CAclubindia
