Income Tax New Order: If you filed Income Tax Return (ITR) on time in the financial year 2022-23 and have not received the refund yet, then there is good news for you. The Income Tax Department has said that the ITRs of 2022-23 which have not been processed yet, will be processed by 30 November 2025.
Income Tax New Order: If you filed Income Tax Return (ITR) on time in the financial year 2022-23 and have not received the refund yet, then there is good news for you. The Income Tax Department has said that the ITRs of 2022-23 which have not been processed yet, will be processed by 30 November 2025. This decision of the Income Tax Department has brought relief to all those taxpayers whose refunds are still pending or whose ITRs were not processed in time.
According to an order issued by the CBDT on June 9, 2025, the deadline for notices under Section 143(1) of the Income Tax Act has now been extended. This deadline was earlier till December 31, 2024, but now it has been extended to November 30, 2025.
Who will benefit?
Taxpayers whose ITRs were not yet processed are now likely to get a refund and along with it, interest will also be given on the refund at the rate of 0.5% per month. Interest on refunds related to TDS and advance tax will be calculated from April 2023. Interest on refunds related to self-assessment tax will be available from the date of ITR filing.
Who will not get the benefit?
The benefit of this scheme will not be available to those taxpayers who have filed ITRs, who were selected for scrutiny. Or who are stuck due to technical or user error. Also, those whose PAN and Aadhaar are not linked yet will not get the benefit of this. According to the Income Tax Department, refund will not be issued if PAN-Aadhaar is not linked.
Threat of tax demand notice?
Under the new order, no new tax demand is allowed, because according to the law, such process is out of time after March 31, 2025. However, if tax has been concealed and the conditions are met, then investigation can be started under section 148.
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