To tackle the issues, CBDT Chairman, Ravi Agrawal revealed on Monday that the IT Department is in the process of examining some cases with doubtful deductions, which is the reason behind the slow processing of some tax returns. Therefore, if your refund has not yet been credited to your account, you can consider it being trapped in this meticulous examination process, analogy is your refund is going through a BIG security check before arriving at your bank safely!
Here Is What CBDT Chairman, Ravi Agrawal Said About ITR Refund Delay
High-Value and Red-Flagged Refunds Under Review
Agrawal further said that the department was analysing some of the refund claims which were identified as “high-value” or were “red-flagged” by the system due to claims of certain deductions.
“Low-value refunds are being released. We have analysed and found that some wrong refunds or deductions were being claimed. So, this is a continuous process,” he said.
Reasons Behind Negative Growth in Refunds
The CBDT Chairman argued that the so-called “negative growth” in refunds was being seen probably because the number of claims have also gone down as TDS rates were rationalised. According to official data from last week, ITR Refunds have dropped 18% to over ₹2.42 lakh crore between April 1 and November 10.
Advisory for Taxpayers
The income tax department has also written to the taxpayers to file a revised return in case they have forgotten something.
Steps Taken to Reduce Pendency
“We have taken a lot of steps and our appellate authorities are working overtime to ensure that the pendency is liquidated. During prior years…because of Covid etc., pendency got accumulated, but I may share that this year more than 40%, as compared to last year, disposal has been done in appeals and I think we will end the year with a much, much higher number of appeals disposed of,” the CBDT Chairman said.
When Will You Get Your ITR Refund?
So theres’ a good news! Ravi Agrawal says taxpayers can expect their refunds to land in their accounts by next month.
“We hope to release the remaining refunds by this month or by December,” he told reporters on the sidelines of an event.
If your ITR was simple and low-value, chances are it’s already on the fast track, no red flags, no delays. For everyone else, think of your refund as taking the scenic route, getting a thorough check before arriving safely in your bank.
So hang tight, keep an eye on your account, and soon that refund notification will finally make your day!
Quick Steps For How to Check ITR Refund Status Online
- Here is a step-by-step guide to check your ITR refund status:
- Visit the official income tax e-filing portal at https://www.incometax.gov.in/iec/foportal/
- Log in with your credentials and the OTP.
- Navigate to the Refund/Demand Status section from the e-File menu.
- Select the applicable Assessment Year (AY 2025-26).
- Click on ‘View Details’ to check the status of your income tax refund.