Good News! CBDT Gives Extended ITR Processing Time to These Taxpayers

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The Central Board of Direct Taxes has given a big relief to the taxpayers. CBDT has given more time for processing the income tax returns filed through electronic means.

The Central Board of Direct Taxes has given a big relief to the taxpayers. CBDT has given more time for processing the income tax returns filed through electronic means. Let us tell you, these were wrongly validated by CPC Bangalore due to technical reasons.

What has been said in the CBDT circular

In a circular issued by the CBDT on Monday, it was directed that the ITRs filed through electronic means till March 31, 2024 which were wrongly invalidated can now be processed. Information about all these returns will be sent to the taxpayers by March 31, 2026.

This decision will help taxpayers get refund along with interest. It has been clarified in the circular issued that if the PAN card is not linked to the Aadhaar card, then they will not be refunded.

CBDT has directed all parties on this issue to work as per the circular.

Tax File Deadline

The window for filing ITR for assessment year 2025 has opened. Along with this, many changes have been made in it. Especially capital gains have to be kept in mind. Taxpayers should look carefully at the updated tax slab rates

 

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