Major relief to taxpayers
A relief news has come for taxpayers. The Central Board of Direct Taxes (CBDT) has given great relief to those Income Tax Returns (ITR) which were wrongly declared invalid due to technical disturbances. Now all such returns, which were e-filled by 31 March 2024, will be processed by 31 March 2026.
CBDT had received complaints that the Income Tax Centralized Processing Center (CPC) at Bangalore accidentally canceled some returns for technical reasons. Returns whose valid processing deadline was till 31 December 2024, will now be able to process by 2026 under the new order. That is, those whose ITR was declared invalid earlier can now expect relief.
Rebate under section 119, refund will also be available
CBDT has given a time limit exemption under Section 119 of the Income Tax Act. Now these taxpayers will be sent information about the return processing under Section 143 (1) by 31 March 2026. After this, if the refund is made, then it will also be found – however a condition will apply. The important thing is that if there is no PAN and Aadhaar link of anyone, then they will not be given any tax refund. It has been clarified that circular 03/2023 will be applicable in such cases.
Can still file ITR file
If you have not been able to file an ITR of your financial year 2024-25 yet, do not worry. Its last date is 15 September 2025. If this date is also missed, then a billowed return can be filed by 31 December 2025. Even after this, if there is a lapse, then there is an option to file updated returns for 4 years of the end of the assessment year.
Who will get the benefit?
This decision will benefit millions of taxpayers whose ITR was declared invalid due to technical reasons and whose refund or tax adjustment was still stuck. Now these matters will be seen again and those who had e-filled on time, their processing will be completed by 2026. According to CA Mohit Gupta, this decision is a big step in the right direction. This exemption given under section 119 will provide relief to taxpayers who were stuck for technical reasons.
ITR can also fill yourself
Let us know that if your earnings are limited to salary, rent or some general investments, then you do not need any CA or expert to file income tax return (ITR). This work on the government’s official website Inometax.gov.in has now become quite easy, fast and safe. Here you get the ITR form already pre-filled, such as your salary, bank interest and information are already recorded. Just check it carefully, and if needed, change the information and fill the rest of the information.
However, if your income includes business, earnings from selling shares or property related to abroad, then it would be better to seek the help of a chartered accountant (CA). With this, you will be able to follow the tax rules properly and there will be no scope for mistake.