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Monday, March 2, 2026

Tag: CBDT

25,000 Taxpayers Face Penalties for Undisclosed Foreign Assets

Income Tax Department targets high-risk cases with foreign properties. File revised returns by Dec 31, 2025 to avoid heavy penalties under Black Money Act.

ITR Refunds Delayed for High-Risk Claims Under Scrutiny: CBDT

CBDT Chairman explains ITR refund delays for 2024-25 due to extra verification of high-value claims. Low-value refunds are being processed. Get details and taxpayer advice.

CBDT’s New Rule Speeds Up ITR Corrections and Tax Refunds

Learn how CBDT's new concurrent jurisdiction rule enables faster ITR error corrections and quicker tax refunds without lengthy reassessments.