Income Tax Refunds FY 2024-25: Here’s Why They’re Delayed and How to Track Yours Online
This financial year, 2024-25, the speed of clearance of the income tax refunds has been slower in comparison to earlier, adding one more cause of tension to taxpayers’ minds. In this context, Ravi Agrawal, the CBDT (Central Board of Direct Taxes) Chairman, has tried to give some relief to taxpayers. He has assured all the taxpayers by stating that soon all the pending refunds will be released. The income tax department is right now doing a detailed analysis of the fake deductions claimed in some cases, which may delay the release of refunds. The tax department is likely to settle down almost all legitimate outstanding refund claims by December 2025.