Tuesday, August 19, 2025

CAs point to glitch in ITR software resulting in taxpayers getting a little less tax refund; what it means for you

A system error in the Income Tax Return software is causing taxpayers to receive slightly lower refunds. Chartered Accountants have identified that the software isn't rounding off refund amounts as per Section 288B of the Income-tax Act, 1961. While the individual difference is small, the cumulative impact could be significant. Read more.

from Tax-Wealth-Economic Times https://ift.tt/hN3gZiV

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