ITR Refund Delays: Late Forms, Data Checks Slow Payouts; Prepare Early

• ITR refunds for FY 2024–25 (AY 2025–26) are significantly delayed this year.
• Delays stem from late ITR form releases, tighter data-matching protocols, and a heavier load at the Centralised Processing Centre (CPC).
• Increased scrutiny targets inconsistencies in AIS, Form 26AS, TIS, and high-value claims, particularly for salary, NRI, and property capital gains returns.
• Recent CBDT regulatory updates, revising capital gains and foreign asset reporting, caused additional testing and delayed ITR form releases.
• Taxpayers should prepare early, reconcile income/tax credits (AIS, TIS, Form 26AS), verify bank accounts, and use the correct ITR form to expedite processing.

Why It Matters: ITR refund delays impact taxpayers; proactive steps are crucial for faster processing.