https://www.taxtmi.com/news?id=61819 The administration aims to meet the budgeted income tax collections, citing growth from corporate receipts and slower refunds. It is scrutinising high value or system flagged refund claims, releasing low value refunds, and asking taxpayers to file revised returns for omissions. Audit filing deadlines have been extended and new income tax rules and ITR forms are expected to be notified by year end or shortly after to simplify compliance and allow taxpayer adaptation. en-us Mon, 17 Nov 2025 13:46:03 +0530 Mon, 17 Nov 2025 13:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=61819 The administration aims to meet the budgeted income tax collections, citing growth from corporate receipts and slower refunds. It is scrutinising high value or system flagged refund claims, releasing low value refunds, and asking taxpayers to file revised returns for omissions. Audit filing deadlines have been extended and new income tax rules and ITR forms are expected to be notified by year end or shortly after to simplify compliance and allow taxpayer adaptation. News - Mon, 17 Nov 2025 13:46:03 +0530 https://www.taxtmi.com/news?id=61819