16-February-2026
Taxation
 
I-T Department speeds up refund processing amid multiple taxpayer complaints: Report
16-Feb-2026

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.

News Source:- https://www.financialexpress.com/money/i-t-department-speeds-up-refund-processing-amid-multiple-taxpayer-complaints-report-4142883/?ref=personalfinance_hp