ITR Refund Status 2025: Delays Due to âRed-Flaggedâ 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,…
When Will Your ITR Refund Be Credited and Why Is It Getting Delayed? Waiting for your Income Tax Refund? Youâre not alone. The big question on everyoneâs mind: âWhen will my refund actually show up in my bank account?â Knowing whatâs going on behind the scenes (and what slows things down) can save you a…
Tax Audit Deadline Not Extended for These Taxpayers: Karnataka CA Body Flags Anomalies in CBDT Circular When the Central Board of Direct Taxes (CBDT) announced its latest extension for tax audit reports and ITR filings, everyone thought the relief would be straightforward. But the Karnataka State Chartered Accountants Association (KSCAA) quickly flagged a problem. They…
Actual Reasons Behind ITR Refund Delays: When Will Your Money Arrive? You filed your Income Tax Return on time and youâre still waiting for the refund to show up. Frustrating, right? Youâre definitely not alone. Every year, tons of people sit tight, checking their accounts and hoping for that credit. The thing is, most refund…
Tax Audit Extension Update: High Courts Grant More Time â All Eyes on CBDTâs Next Move Taxpayers and professionals just got some much-needed breathing room. Both the Punjab & Haryana High Court and the Himachal Pradesh High Court have given more time for tax audit and return filings. For thousands of chartered accountants and businesses,…
New Income Tax Act, 2025: India Prepares for a Simplified and Modern Tax Era Big changes are coming to Indiaâs 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,…