Скачать или смотреть INCOME TAX REFUND गजब हो गया ! टैक्सपेयर के चेहरे पर लौटी मुस्कान ! INCOME TAX LATEST update

INCOME TAX REFUND गजब हो गया ! टैक्सपेयर के चेहरे पर लौटी मुस्कान ! INCOME TAX LATEST update

Summary
In this video, CA Satbir Singh discusses the latest update from the Income Tax Department regarding a record-breaking surge in the processing of Income Tax Returns (ITR). As of February 13, 2026, over 5.6 lakh returns were processed in a single day, significantly clearing the backlog of pending verifications and processing.

Key highlights include:

Refunds with Interest: The speaker showcases multiple cases where taxpayers received their refunds along with interest (calculated at 0.5% per month starting from April 1st) because the department delayed processing.

Revised Returns: Even if a taxpayer filed a revised return late in December, they are still eligible for interest from the start of the financial year, provided the original return was filed before the due date.

10% Rule for Interest: A crucial explanation is provided on why some taxpayers do not receive interest; interest is only payable if the refund amount exceeds 10% of the total tax liability.

Actionable Advice: Taxpayers are urged to check their ITR status, consult professionals if returns are still pending, and use "Updated Returns" to rectify errors or return wrongly claimed refunds to avoid penalties.

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