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**Millions Await Income Tax Refunds as Processing Times Vary**

**New Delhi:** With the September 16th deadline for Income Tax Return (ITR) filing now passed, millions of taxpayers across India are eagerly anticipating their refunds. Concerns have surfaced regarding whether larger refund amounts face processing delays, particularly refunds exceeding Rs 50,000.

While the Income Tax Department (ITD) maintains there is no upper limit on refund amounts and that all refunds are processed using the same procedure, experts suggest larger refunds are subject to more intense scrutiny, resulting in potential processing delays.

Early filers who submitted their ITRs well ahead of the deadline and completed e-verification quickly have reported swift processing and refunds issued in some cases on the same day. However, taxpayers who filed on the last day (Sept 15 or 16) experienced delays in e-verification due to portal overload, resulting in extended processing times.

The ITD typically credits refunds within 2 to 5 weeks after e-verification. While simple returns with just salary income and basic deductions are generally processed faster, those involving business income, capital gains, or numerous deductions may undergo more thorough review, potentially extending the processing time.

Several factors can contribute to refund delays:

* Errors in PAN, Aadhaar, or bank details.
* Bank account not pre-validated.
* Incorrect IFSC code or closed account.
* Mismatch in TDS data.
* Return flagged for scrutiny.

Taxpayers can easily check their refund status on the ITD website (www.incometax.gov.in) by navigating to the “e-File” tab and selecting “View Filed Returns.” The refund status for the relevant assessment year will be displayed.

“There’s no inherent problem with receiving large refunds,” one tax expert commented. “The processing in some cases may take a little longer. If you’ve entered all the details correctly and your PAN-Aadhaar link is in place, there’s no need to worry. If you want a quick refund, remember to file your ITR early!”

**Ivalue Infosolutions IPO Opens**

In related business news, the Ivalue Infosolutions IPO, valued at Rs 560.29 crore, is open for subscription from September 18th to 22nd. The offer for sale of 1.87 crore shares is priced between Rs 284-299 each. Allotment is scheduled for September 23rd, with a listing planned for September 25th. The company specializes in technology services for digital transformation. The grey market premium is currently trading at 7.7%.

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