If you filed Income Tax Return (ITR) on time in the financial year 2022-23 and have not received the refund yet, then there is good news for you. The Income Tax Department has said that the ITRs of 2022-23 which have not been processed yet will be processed by 30 November 2025.
Income Tax Return: If you filed Income Tax Return (ITR) on time in the financial year 2022-23 and have not received the refund yet, then there is good news for you. The Income Tax Department has said that the ITRs of 2022-23 which have not been processed yet will be processed by 30 November 2025. This decision of the Income Tax Department has brought relief to all those taxpayers whose refunds are still pending or whose ITRs could not be processed in time.
According to an order issued by the CBDT on June 9, 2025, the deadline for receiving notices under section 143(1) of the Income Tax Act has now been extended. This deadline was earlier till December 31, 2024, but now it has been extended to November 30, 2025.
Who will benefit?
Taxpayers whose ITRs were not processed yet are now likely to get a refund and along with it, they will also get interest at the rate of 0.5% per month on the refund. Interest on refunds related to TDS and advance tax will be calculated from April 2023. Interest on refunds related to self-assessment tax will be available from the date of ITR filing.
Who will not get the benefit?
This scheme will not benefit those ITR filing taxpayers who were selected for scrutiny. Or those who are stuck due to technical or user error. Also, those whose PAN and Aadhaar are not linked yet will not get the benefit of this. According to the Income Tax Department, refund will not be issued if PAN-Aadhaar is not linked.
Threat of tax demand notice?
Under the new order, no new tax demand is allowed, because according to the law, such process is out of time after March 31, 2025. However, if tax has been concealed and the conditions are met, then investigation can be started under section 148.
