Link your PAN with Aadhaar by December 31, 2025. If you miss the date, PAN goes inoperative from January 1, 2026, stopping ITR filing and blocking refunds. Pay 1,000 on the e-Filing portal and link now. Some groups are exempt.

The Income Tax Department has introduced key updates effective December 1, 2025, focusing on real-time TDS error alerts, significantly faster ITR refund processing (7 days), strict AIS/26AS income matching rules, and an increased late filing penalty of ₹7,500 for high-income taxpayers.

Many taxpayers are still waiting for their refund. This guide explains how to check your income tax refund status, why refunds get delayed, and simple steps you can take to fix the issue and receive your money soon.

Many taxpayers in India are seeing a delay in income tax refunds, especially when the refund amount is high. The Income Tax Department is checking big refunds more carefully to stop wrong or fake claims. In this blog, you will understand in simple words why your refund is delayed and what you should do next.

The Maharashtra government has extended the deadlines for filing MVAT and Professional Tax returns for October 2025. Payment due dates remain unchanged, and interest applies if taxes are paid late. Taxpayers now have additional time to file returns correctly and avoid late fees. This update helps businesses manage compliance efficiently and avoid penalties by following the revised dates.

The Income-Tax Department is closely reviewing high-value refund claims flagged for potential discrepancies. While smaller refunds are already being processed, CBDT Chairman Ravi Agrawal has assured taxpayers that legitimate high-value payouts will be cleared by December 2025. Refund claims worth ₹2.42 lakh crore have been filed till November 10, showing an 18% drop from last year. The department has also increased appeal disposals by 40% and remains confident of meeting its ₹25.20 lakh crore direct tax collection target for FY26, supported by 6.99% growth. Leveraging AI-powered tools, the CBDT is enhancing compliance, monitoring taxpayer behavior, and identifying potential evasion

The government is set to introduce simplified income tax return forms under the Income Tax Act, 2025 by January 2026, replacing the long-standing Income Tax Act, 1961. These new forms aim to make tax filing easier, reduce compliance burdens, and improve transparency. Refunds are being processed, with larger claims expected by December 2025. The CBDT is confident of meeting its ambitious ₹25.20 lakh crore direct tax collection target for FY26, supported by strong growth. Taxpayers should prepare for the new system, which takes effect from April 1, 2026.

The Income Tax Department has shortened the correction window for TDS/TCS statements to just 2 years via the TRACES portal. This change affects deductors, collectors, and taxpayers alike. Corrections for older financial years (FY 2018-19 to FY 2023-24) must be filed by March 31, 2026. After that, no changes will be accepted. Learn what this means for you and how to act now.

The Income Tax Act 2025 introduces Section 58, replacing Section 44AD for presumptive taxation of small businesses. This provision applies to eligible assessees with turnover up to ₹2-3 crore, offering simplified tax computation at 6% for digital transactions and 8% for other receipts, or actual profit—whichever is higher. The change promotes digital payments and reduces compliance burden for small businesses while maintaining revenue collection efficiency.

The Income Tax Act, 2025 has introduced a crucial change in TDS/TCS compliance: the timeline for filing correction statements has been reduced from 6 years to 2 years. Businesses must file all pending TDS/TCS corrections for FY 2018-19 Q4 through FY 2023-24 Q3 by March 31, 2026. Failure to meet this deadline will lead to automatic recovery proceedings, penalties, and compliance complications. Learn about the key changes, understand the implications for your organization, and discover the immediate steps you need to take to ensure full compliance before the deadline expires.

CBDT has extended the deadline for filing Tax Audit Reports for AY 2025–26 to 31st October 2025. This move provides relief to professionals and businesses facing compliance pressure. Stakeholders are advised to file promptly and stay informed via official channels.

Starting October 2025, the GSTN has rolled out major updates to the Invoice Management System (IMS) that simplify compliance, improve transparency, and give taxpayers more control over invoice handling. This blog breaks down the key changes and what they mean for businesses.