Income Tax: Good news for taxpayers! Taxpayers will no longer receive notices for these mistakes after filing their income tax returns.
Income Tax: Good news for taxpayers. Now, errors related to TDS, interest calculations, or other minor errors will be resolved immediately. Tax refunds will also be free from delays. Taxpayers often faced problems like incorrect tax demand notices or delayed refunds after filing their income tax returns.
Income Tax: Good news for taxpayers. They can now have TDS, interest calculations, or other minor errors immediately corrected. There will be no delays in receiving tax refunds. Taxpayers often faced problems like incorrect tax demand notices or delayed refunds after filing their income tax returns. The biggest problem in these cases was that even minor errors took months to correct. Often, this was due to the lengthy exchange of files between the Assessing Officer (AO) and the Centralized Processing Center (CPC).
The Central Board of Direct Taxes (CBDT) has simplified and expedited this entire process. Under a notification issued on October 27, 2025, the Commissioner of Income Tax (CPC) in Bengaluru has been given special powers. This now empowers the CPC to directly correct all calculational or accounting errors that previously required the approval of the AO.
Previously, if there was an error, such as a TDS or TCS mismatch, an error in advance tax, or an incorrect calculation of interest under Section 244A, taxpayers had to make multiple visits to the AO’s office. The AO would send the file to the CPC, and the CPC would then seek clarification from the AO. This process often took two to six months. Under the new rules, the CPC will now be able to rectify such cases on its own.
These mistakes will be corrected soon.
Incorrect calculation of TDS or TCS.
Overlooking advance or self-assessment tax.
Error in previously issued refund.
Incorrect calculation of interest.
Error in tax or refund amount.
If necessary, the CPC can now directly issue a revised demand notice under Section 156.
According to accountants, this change is a major relief for taxpayers. Corrections that previously took months can now be completed in a matter of days. This will expedite the correction of both tax demand errors and refund delays. This move will further strengthen the Income Tax Department’s digital processing system. Taxpayers will not have to make repeated visits to the department. Overall, this decision will make tax administration more transparent.
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The post Income Tax: Good news for taxpayers! Taxpayers will no longer receive notices for these mistakes after filing their income tax returns. first appeared on informalnewz.
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