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News INCOME TAX

  • Jun 10, 2025
  • Waiting for pending old ITR? You may soon get ITR refund or income tax demand notice as CBDT extends the deadline till November 30, 2025

    Good news for those taxpayers who have any pending income tax refund due even after filing their income tax returns (ITR) on or before the deadline in 2024. The Income Tax Department has said such unprocessed ITRs for AY 2023-24 (FY 2022-23) will now be processed by them by November 30, 2025.

    This announcement of AY 2023-24 pending ITR processing deadline extension by the tax department can mean either of these three things:

    Tax refund: Once the said ITRs are processed, eligible taxpayers can get their due tax refunds with interest if any.
    Tax demand notice: Some taxpayers may get a tax demand notice depending on what information the tax department finds out after processing the said ITR.
    No refund no tax demand: The ITR is simply processed as it is i.e. without any tax refund or tax demand.