India’s taxman puts refunds on hold in year-end compliance push as Dec. 31 cutoff nears
NEW YORK, December 29, 2025, 01:00 ET India’s Income Tax Department has told thousands of taxpayers their refund claims have been put on hold under a “risk management” process, triggering anxiety and a rush for advice at the end of the year, Indian media reported. India Today+1 The timing matters because Dec. 31 is the last day to file a belated return — a late original filing — or to revise a previously filed income-tax return (ITR) for the 2025-26 assessment year, according to government guidance and the tax department’s calendar. Income Tax India+1 After that date, taxpayers can still