ITR Filing: The deadline for submitting income tax returns (ITR) ended months ago on 16 September. The tax authorities have already processed the majority of refunds; however, some are still pending.
ITR refund status: The deadline for submitting Income Tax Returns (ITR) for the financial year 2025-26 was September 16, 2025. While most taxpayers have already received their refunds, a remarkable ...
his usually happens due to excess TDS, advance tax, or self-assessment tax. Once your return is processed by the Income Tax Department, the extra amount is credited back to your bank account.
The amount of the income tax refund is equal to the excess tax paid, which is not taxable and cannot be considered income.