🤔 Why your tax refund is taking longer this year? | Tax Q&A Digest #59

Tax Q&A Digest
,
1

Hi there! :waving_hand:

It’s been a couple of weeks since the ITR filing deadline, and if you managed to submit your return on time, well done! But let’s be honest, what most of us are really thinking now is: “Where’s my income tax refund?”

This year, we’ve seen refunds move at very different speeds. Some of you received them within hours of filing, while many are still stuck with their returns under processing.

Then comes the moment of doubt while waiting, when you wonder if something’s missing or reported wrong in your return. If that’s the case, don’t worry you’re not too late. You can fix it by filing a revised ITR.

And, if you run a business or profession, there’s another clock ticking – tax audit. The deadline to submit audit report is generally 30th Sept, but it has been extended to 31st Oct this year. So it’s a welcome relief for those who need an audit.

We’ve handpicked threads on these topics in today’s edition.

TOP THREADS

Why is my income tax refund delayed this year?

Even if you’ve filed and e-verified your return on time, the ITD is taking longer to process ITRs this year. Many taxpayers have seen their ITRs stuck on ‘under processing’ for weeks because the ITD has added extra checks and AI-based verifications to counter false deductions. Another reason your refund might be stuck is…Continue Reading

How to correct mistakes in my ITR?

Despite our best efforts, the ITR filing rush can lead to errors such as misreporting income or forgetting to include a transaction from your AIS in your return. You can correct them by filing a revised return, but only if your original return was…Continue Reading

Am I required to get a tax audit done?

A tax audit isn’t applicable for everyone, but certain taxpayers do need it. Whether it applies to you depends on factors like your income sources, turnover, and how you’ve chosen to…Continue Reading

FEATURED VIDEO

FAQs

How long does it take to process ITR?

It usually takes 2-4 weeks to process returns once you’ve e-verified. However, stricter checks and AI-based verifications are causing longer delays this year, especially for those filing ITR-2/3 or claiming multiple deductions.

How many times can I file a revised return?

There is no limit on the number of revised returns you can submit. However, you will have to provide complete details of the original ITR, that is, the first ITR that was filed, every time you file a revised return. Also, don’t forget to e-verify your revised return within 30 days.

What if I file my ITR without tax audit?

If you’re required to undergo a tax audit but file your ITR without it, your return will be marked as defective and you’ll receive a notice u/s 139(9). There are additional penalties too which may be charged by the assessing officer.

WHAT’S YOUR ANSWER?

What’s the turnover limit for intraday and F&O traders for tax audit?

  • Above ₹1 crore
  • Above ₹2 crore
  • Above ₹5 crore
  • Above ₹10 crore
0 voters

RESULTS FROM LAST DIGEST

What’s the deadline to file a belated return?

A) 30th Sept 2025 (33%)

B) 31st Oct 2025 (8%)

D) 15th Dec 2025 (8%)

C) 31st Dec 2025 (48%) :white_check_mark:

48% of people chose the right answer. Well done!