ITR Refund Status 2025: Delays Due to ‘Red-Flagged’ Claims, Says CBDT Chairman Many taxpayers checking their ITR Refund Status 2025 are noticing unexpected delays. The Central Board of Direct Taxes (CBDT) has now clarified the key reason behind this slowdown. According to the CBDT Chairman, the system has red-flagged several refund claims due to discrepancies,…
New Income Tax Act, 2025: India Prepares for a Simplified and Modern Tax Era Big changes are coming to India’s tax system. The Central Board of Direct Taxes (CBDT) is getting ready to launch the New Income Tax Act, 2025, which kicks in on April 1, 2026. The government wants to make taxes simpler, cut…
The CBDT has brought a significant change for Indian taxpayers the introduction of AIS 2.0 (Annual Information Statement). The update is aimed at making tax compliance easier, correct, and transparent for individuals, companies, and consultants alike. As tax practitioners, we at Taxflick think this is a positive step towards minimizing tax mismatches, return filing errors,…