10 months ago
Income Tax Refunds Down, New ITR Forms Coming
The Income Tax Department is working to make tax filing easier and more transparent.
They're checking refund claims carefully, which has slowed down refunds this year.
Most refunds should be issued by December.
New tax return forms will be simpler and are coming soon.
Income tax refunds issued to individuals down nearly 38% this year due to scrutiny
CBDT chief promises remaining refunds by December
New ITR forms under Income Tax Act, 2025 to be notified by January
New forms aimed to be simpler and easier to comply with
Taxpayers' Lounge inaugurated at IITF to assist with various tax-related services
- Who
- Income Tax Department, CBDT chief Ravi Agrawal
- What
- Improving transparency in ITR filing, processing refunds, introducing new ITR forms
- Where
- India
- When
- April 1, 2025 to November 10, 2025 (refunds), January 2026 (new ITR forms)
- Why
- To prevent fraudulent claims, simplify tax filing process
Taxpayers
Income Tax Department
Refund Delays
Taxpayers
Taxpayers are experiencing delays in receiving refunds
Income Tax Department
Department is scrutinizing claims to prevent fraud, promises refunds by December
New ITR Forms
Taxpayers
Taxpayers welcome simpler forms but await details
Income Tax Department
Department aims to notify new forms by January, make them easy to comply with
Key facts
- Refund decrease
- 38% (April 1 to November 10, 2025)
- Refund release date
- December 2025
- New ITR forms notification
- January 2026
- New ITR forms effectiveness
- April 1, 2026
- Taxpayers' Lounge inauguration
- India International Trade Fair (IITF)
Quotes
Ravi Agrawal
Chairman of the Central Board of Direct Taxes (CBDT)
“We are in the process of designing the new forms and rules, and our aim is to notify them by January so that taxpayers have adequate time to adjust their systems and processes.”
businesstoday.in
“Our focus is on keeping the new return forms simple and easy to comply with, so taxpayers can adapt without any difficulty under the revised Tax Act.”
businesstoday.in
Sources
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