Quick Summary
The Central Board of Direct Taxes (CBDT) has confirmed that the ongoing delays in issuing Income Tax Return (ITR) refunds for AY 2024-25 are largely due to "red-flagged" or high-value refund claims currently under scrutiny. CBDT Chairman Ravi Agrawal stated that while the Income Tax Department is swiftly processing low-value refunds, cases involving large deductions, mismatched data or suspicious anomalies are undergoing detailed verification. This enhanced scrutiny has temporarily slowed the o
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FAQ :
ITR refunds are delayed because the CBDT is conducting enhanced scrutiny on high-value claims, looking for incorrect deductions, mismatched data, or suspicious anomalies.
The CBDT expects to release most remaining refunds by the end of November or December 2024. Low-value and straightforward claims should be cleared soon.
Taxpayers should check their refund status regularly on the e-filing portal, file a revised return if necessary, and keep income proofs and deduction slips ready.
Yes, between April 1 and November 10, 2024, refund distribution fell by nearly 18% compared to the previous period, due to stricter compliance checks.
Yes, the CBDT Chief stated that the department is actively working to reduce tax litigation and has already disposed of over 40% of pending appeals compared to last year.
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