The deadline for filing revised Income Tax Returns (ITRs) is now a key focus for taxpayers across India who may have made errors in their original filings. The Income Tax Department has set a final date for corrections, providing a crucial window for individuals to amend any mistakes.
Key Dates for Revised ITR Filing
If you need to correct your income tax return, you have time until 31 December 2025 to submit a revised ITR for the financial year 2024-25, which corresponds to the assessment year 2025-26. This deadline is mandated by the tax department. It is critical to note that this opportunity closes either by this date or before the department completes its assessment of your return, whichever comes earlier.
Missing the December deadline means the revision window will shut as the year ends. Therefore, taxpayers should act promptly if they have identified any discrepancies in their originally filed returns.
How to Check Your ITR Refund Status Online
For those awaiting refunds, the department provides an online portal where taxpayers can track the status of their processed returns. A straightforward, step-by-step guide is available to help individuals navigate the official website and check the latest update on their refund. This process involves logging into the e-filing portal using your Permanent Account Number (PAN) and password.
Common Reasons for Refund Delays
Many taxpayers have reported delays in receiving their refunds this year. Several factors can cause these holdups, leading to bulk notifications and emails from the department in recent days.
Primary reasons for delays include:
- Mismatches in the information provided in the ITR.
- Issues with bank account details, such as an incorrect account number or IFSC code.
- Errors in the data submitted, including discrepancies in TDS claims or income details.
- Pending verification of the filed return.
Typically, the Income Tax Department begins processing refunds shortly after a return is filed and verified. Under normal circumstances, the refund is credited within 4 to 5 weeks. However, any complications from the listed issues can extend this timeline significantly.
What Taxpayers Should Do Now
With the revision deadline looming, taxpayers should first verify if their original return was accurate. If errors are found, filing a revised ITR before 31 December 2025 is essential. Simultaneously, those expecting refunds should use the online tool to check their status and ensure all their provided details, especially bank information, are correct to prevent unnecessary delays.
Staying informed through official channels and adhering to deadlines is crucial for a smooth tax filing experience and to ensure timely receipt of any due refunds.
