u/Drishti2898

Many people got their ITR3 intimation/refund yesterday , what about ITR1

📊 The Reality:
So there is a total backlog of about 60 lakh pending ITRs for now,

The tax department clears 2 to 4 lakh returns per working day.

The Maximum Timeline:
Fast Speed (4-5 lakh/day): Clears everything in 12 to 15 days.
Average Speed (3 lakh/day): Clears everything in 20 working days.
Slow Speed (2 lakh/day): Takes a maximum of 30 working days.

🎲 Why You Could Get Lucky Anytime:
This isn't a single-file line. The system processes thousands of batches simultaneously. You don't have to wait until the final day—your return could easily get picked up on Day 2, Day 5, or Day 10.

🛑 The Bottom Line:
A maximum of 30 working days is all it takes to wipe out the entire country's backlog. Since we've already waited this long, your refund SMS could literally drop any day or night from this moment forward! 🥂

Ps : If you don’t believe me PLEASE DO THE MATH check how many itr is pending and how many process they do per day it’s that simple !!

Welcome

The portal says my refund was issued more than two weeks ago, but there is no credit in my validated bank account. The account number and IFSC are correct. Who should I contact first, the bank or the tax department?

My refund failed because the bank account selected earlier has since been closed. I've now validated another account on the portal. Will the department automatically retry or do I have to request a refund reissue?

The seller urgently needed money, so I purchased the property well below its stamp-duty value. I didn't receive any money or benefit other than the lower purchase price. Can the difference itself become taxable to me?

Because of frequent options trades, total debit and credit values are huge, but the broker's tax P&L calculates turnover at only ₹80 lakh. Which figure matters for tax-audit purposes?

I missed reporting a small US stock portfolio for one year. The highest value was around ₹2.5 lakh and there was no unreported income. Is paying a ₹1 lakh FAST-DS fee sensible if the underlying asset itself is so small?

I missed both Schedule FA reporting for RSUs and small foreign dividend income. Can both issues be disclosed in a single FAST-DS filing, or do Category 1 and Category 2 need to be handled separately?

A company deducted TDS on my ₹3 lakh invoice and the credit is visible in Form 26AS, but they haven't actually paid me yet. I'm following cash-basis accounting. Do I still need to report the ₹3 lakh as income?

I have ₹16 lakh taxable professional income and a ₹3.2 lakh F&O loss. Since both are treated as business/professional income, can the trading loss be adjusted against my consulting profit?

I realised I under-reported receipts by ₹1.8 lakh after filing under Section 44ADA. Can I simply revise the return with the corrected receipts and profit?

A company deducted TDS under Section 194J even though the work was purely contractual. Since Form 26AS reflects the credit correctly, does the TDS section matter while filing?

I traded through Zerodha, Dhan, Angel One and Groww. Can I simply combine the net profit/loss from all brokers or do I need to disclose each separately?

Almost all my business expenses were paid through UPI from my personal account instead of the business account. Will this create problems if my books are ever examined?

My consulting receipts are ₹27 lakh, but all my clients deducted TDS under Section 194J. I never registered for GST because I believed export services were exempt. Will this create any issue during ITR filing?

I earned ₹26 lakh through consulting but never maintained formal books of accounts. Is it acceptable to prepare a simple profit and loss statement before filing ITR-3?

I received ₹3.2 lakh in salary arrears relating to FY 2023-24 and FY 2024-25. How do I claim relief under Section 89, and is Form 10E compulsory before filing?

AIS displays the sale proceeds of shares but no purchase cost. Do I need to accept the AIS information before entering my actual acquisition cost?

My employer deducted ₹1.1 lakh as notice-period recovery from my final settlement. Can this amount be reduced from the salary shown in Form 16?

I received ₹4.6 lakh as leave encashment when I resigned, but it is not separately shown in Form 16. Where should I report it, and how do I calculate the exemption?