Refund can be obtained by filling only one form. The Parliamentary Committee reviewing the Income Tax Act 2025 has made this suggestion, which has also been accepted by the government. Now the requirement to file Income Tax Return (ITR) only for TDS refund can be abolished.
Small taxpayers can get big relief soon. Now the requirement to file Income Tax Return (ITR) only for TDS refund can be abolished. Instead, refund can be obtained by filling only one form. The Parliamentary Committee reviewing the Income Tax Act 2025 has made this suggestion, which has also been accepted by the government. According to reports, the committee has recommended to the government that such taxpayers, who do not fall under the tax net, but from whom TDS has been recovered, should be exempted from filing ITR only to claim refund. In such cases, to give relief to the taxpayer, there should be a provision to fill only one simple form, so that refund can be claimed easily.
Government accepted the recommendation: It is being told that the government has accepted this recommendation and this provision will be included as an amendment in the Income Tax Act-2025. CBDT has been given the responsibility to prepare a simple process or form for such people who are below the tax limit and who have to claim only TDS refund.
This is how the new system will work: It is being told that now a simple form will be introduced in place of ITR. It will be prepared on the basis of TDS data appearing in Form-26AS. The taxpayer can get his refund from the department by filling the new claim form only on the basis of Form-26AS.
Under the new tax regime, if the annual salary is up to ₹ 12.75 lakh and he has submitted the necessary tax documents, then tax is not payable. Many times it happens that the bank or employer deducts TDS if the documents are not received. In such a situation, people have to fill ITR for refund, while their income is less than the taxable limit.
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