India, Nov. 26 -- The Central Board of Direct Taxes (CBDT) chairman on Monday shared an important update regarding the delays in income tax refunds for the financial year 2024-2025. He also informed that the tax department is undertaking an analysis of the wrongful deductions claimed in certain cases.

While the ITR filing deadline this year was September 16, taxpayers across India are still waiting for their tax refunds.

Talking about the refunds being released, CBDT Chairman Ravi Agrawal said that "low-value refunds are being released," according to PTI news agency. He further said that the remaining refunds will be released by this month or by December.

He said that the department found some wrong refunds or deductions that were bein...