-
Feb 16, 2026
-
I-T Department speeds up refund processing amid multiple taxpayer complaints: Report
After weeks of delays that triggered widespread taxpayer complaints, income tax refund processing has gathered pace. According to a Moneycontrol report, professionals have indicated a sharp rise in payouts over the past 24 hours, particularly in high-value cases.
The development comes after concerns over slow processing timelines. Minister of State for Finance Pankaj Chaudhary told the Parliament recently that around 8.8 crore income tax returns had been filed up to February 4, with nearly 24.64 lakh returns pending processing for more than three months.
Experts on I-T refunds
Chartered accountants said many individuals and businesses received refunds overnight and on Friday morning. CA Himank Singla, Partner at SBHS & Associates, told Moneycontrol, “There has been a noticeable acceleration in refund issuance, with several clients receiving substantial amounts, including refunds in the range of Rs 15-17 lakh.”
|