WHY ITR REFUND IS DELAYED 2025 - 26 ! INCOME TAX LATEST UPDATE ! ITR REFUND getting delayed скачать в хорошем качестве

WHY ITR REFUND IS DELAYED 2025 - 26 ! INCOME TAX LATEST UPDATE ! ITR REFUND getting delayed

WHY ITR REFUND IS DELAYED 2025 - 26 ! INCOME TAX LATEST UPDATE ! ITR REFUND getting delayed Summary The video explains that the delay in ITR processing and refunds is due to a combination of reasons from both the taxpayer and the Income Tax Department. Reasons for Delay (Taxpayer's Side): Pending Verification: Over 11 lakh returns are still pending e-verification, which must be completed within 30 days of filing [00:41]. Bank Account Discrepancies: Refunds are not credited if there's a mismatch between the name on the PAN and the bank account, or if the account is not linked or validated [01:06]. Late Filing: Filing returns close to the due dates (e.g., Tax Audit due date) increases system pressure and processing time [01:30]. Incorrect ITR Form: Filing the wrong ITR form (e.g., ITR-1 instead of ITR-2 for income from capital gains or online gaming) triggers a red flag and delays processing [01:43]. Outstanding Demands: Existing outstanding demands on the income tax portal are confirmed with the Assessing Officer, which delays the release of the refund [02:08]. Frequent Revision: Repeatedly revising a return without a valid reason delays processing as the system has to check the return again [02:28]. Reasons for Delay (Department's Side): Intensive Scrutiny: High-value refund claims or unusual deductions are subject to intensive scrutiny, which naturally takes more time [02:53]. System Complexity/Updates: The complexity of processing ITRs, especially for taxpayers with capital gains, and frequent updates to the income tax software and rules (like new tax rates and forms) also cause delays [03:08], [03:26]. Important Information: The Income Tax Department has until December 31, 2026, to process returns for AY 2025-26 [03:53]. The department is liable to pay interest on the refund (calculated from April 1st) if the amount is more than 10% of the tax liability [04:16]. Action Steps for Taxpayers: Check Status: Log in to the portal to check the status, ensure your bank account is validated, and your PAN and Aadhaar are linked [04:46]. Respond to Notices: Promptly respond to any notice received from the Income Tax Department [04:52]. File Grievance: If processing is still delayed, file a grievance on the Income Tax portal for a justified response [05:04]. If a refund fails due to a bank issue, a re-issue request can be submitted [05:30]. ITR refund delayed 2025-26, why ITR refund is delayed, Income Tax latest update, ITR processing delay, CA Satbir Singh, income tax refund not credited, ITR e-verification pending, e-verify ITR online, PAN bank account mismatch, outstanding tax demand, ITR refund status check, how to file grievance for ITR refund, Income Tax deadline, ITR refund interest, income tax rules 2025 #ITRRefundDelay #IncomeTaxRefund #ITR2025 #TaxRefundDelayed #IncomeTaxUpdate #ITRProcessing #EfilingIndia #CASatbirSingh #FinanceNews #ITRGrievance #ITRRefund