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CBDT Flags High-Value Mismatches as Key Reason Behind Delayed ITR Refunds
The Income Tax Department has slowed refund processing for FY24–25 as it examines high-value and red-flagged claims, according to CBDT Chairman Ravi Agrawal. He confirmed that several refund requests showed wrongful or inflated deductions, prompting additional verification before release. While low-value refunds are already being credited, cases requiring deeper scrutiny are taking longer.
Tags:
- economy
- taxation
Explore:Mutual Fund Themes
neutral
CBDT Flags High-Value Mismatches as Key Reason Behind Delayed ITR Refunds
The Income Tax Department has slowed refund processing for FY24–25 as it examines high-value and red-flagged claims, according to CBDT Chairman Ravi Agrawal. He confirmed that several refund requests showed wrongful or inflated deductions, prompting additional verification before release. While low-value refunds are already being credited, cases requiring deeper scrutiny are taking longer.
Tags:
- economy
- taxation
Explore:Mutual Fund Themes
1 min read
53 words
CBDT says ITR refunds are delayed due to scrutiny of high-value and suspicious deduction claims, with low-value refunds being cleared first and revised filings sought where needed.
The Income Tax Department has slowed refund processing for FY24–25 as it examines high-value and red-flagged claims, according to CBDT Chairman Ravi Agrawal. He confirmed that several refund requests showed wrongful or inflated deductions, prompting additional verification before release. While low-value refunds are already being credited, cases requiring deeper scrutiny are taking longer.
The Income Tax Department has slowed refund processing for FY24–25 as it examines high-value and red-flagged claims, according to CBDT Chairman Ravi Agrawal. He confirmed that several refund requests showed wrongful or inflated deductions, prompting additional verification before release. While low-value refunds are already being credited, cases requiring deeper scrutiny are taking longer.
Tags:
- economy
- taxation
- economy
- taxation
- personal_finance
- itr_refund