r/IncomeTaxReturnIndia

Dear team members

We request for timeline for tax refund in ITR -2
Many say refund time depends on ITR NUMBER

WHAT IS THE EXPECTED TIME FOR ITR -3 And ITR -2

I am filing ITR-1 for the first time using the Income Tax e-Filing portal.

Before submitting, I want to make sure my ITR-1 return is correct. What should I check ? What would be your best advice?

Any guidance or checklist for a first-time filer would be helpful. Thanks!

Hi guys, do you have any idea if ITR -3 has been started processing for last year. Mine is 1.6L refund, submitted last year on 27th July. Kept fingers crossed till 30th jun to check if I get any scrutiny notice, averted that bullet but now patience is becoming thin. Do we have any contacts of any officer directly in IT dept or someone's relative who can tell us the timeline for last year processing?

Any updates, ideas will be appreciated !!

First time filing ITR-2 after years of ITR-1 (had to switch once I started investing in equity). Made a bunch of avoidable mistakes. Sharing the ones that aren't obvious from the form itself.

1. The pre-fill is incomplete for capital gains

The ITR portal pre-fills a lot of data from AIS and your broker integrations. For salary, TDS, and basic interest income, the pre-fill is usually reasonable. For capital gains — trust nothing. The pre-fill misses transactions regularly, especially if you invest across multiple platforms (Zerodha + Kuvera + direct AMC for example). Always import your broker's tax P&L separately and reconcile line by line.

2. The "grandfathering" provision for pre-2018 equity holdings

If you bought equity shares or equity MFs before January 31, 2018, the purchase cost for LTCG calculation is the higher of your actual cost or the fair market value (FMV) on January 31, 2018. This is the "grandfathering" provision. If your broker's tax P&L is showing cost of acquisition for old holdings, double check whether it's using FMV or actual purchase price. Most brokers handle this correctly but it's worth verifying for positions held since before 2018.

3. The 80CCD(1B) situation in new regime

If you switched to new regime for FY25-26 but were investing in personal NPS for 80CCD(1B) benefits — you cannot claim this deduction in new regime. People sometimes declare NPS contributions and then also choose new regime, which is contradictory. If you're in new regime, employer NPS contribution still reduces your taxable salary (it's not a deduction, it just reduces gross) but personal NPS 80CCD(1B) ₹50k benefit is gone.

4. Schedule AL if you crossed 1 crore gross income

Assets and Liabilities disclosure is mandatory if your gross total income exceeds ₹1 crore. This includes all assets — immovable property, vehicles, bank balances, investments, jewellery, loans outstanding. Many people in this income range file ITR-2 without realising Schedule AL is mandatory. Non-disclosure leads to defect notice.

5. Foreign assets

If you have any foreign assets — shares bought through international platforms, money in NRE accounts (for returning NRIs), or startup equity in foreign companies — Schedule FA is mandatory. Failing to disclose foreign assets when you have them is a Black Money Act violation, not just an ITR defect. The penalties are severe. If you have ESOP from a foreign-listed employer, RSU vesting, or anything similar, talk to a CA who handles Schedule FA before filing.

6. Revised return window

If you file and realise you made a mistake, you can file a revised return. The deadline for revised return for AY 2026-27 is December 31, 2026. You can revise as many times as needed before that date. Filing a revised return is much better than sitting on a known error.

Posting this because I see a lot of questions about ITR-2 specifics and the form itself doesn't explain any of this. Hope it helps someone.

I see random posts on how people used AI models to get their IT return filed. I am concerned about safety first and I have no trust in AI getting through all loopholes in the income tax rules to get us a refund.

One mistake and we would sure get notice from IT Department.

I still would go for a CA route to file Income tax because it is much safer and confidence level would be so high

As the title says

If I sell business related machinery and file under 44ada can I claim depreciation on the amount received or whole amount received will be taxable?

Got following intimation for Proposed Adjustment to Total Income of 4.9L

Subject: Seeking information∕ clarification on the data in the return filed

On perusal of the Return of Income filed, it is seen that there is a variance in the income reported under the head "Salaries". The variance arises due to one or both of the following: (a) the allowances claimed as exempt under section 10 are inconsistent with the salary bifurcation reported in Schedule S — Details of Income from Salary; and/or (b) the Standard Deduction claimed under section 16(ia) is at variance with the threshold applicable to the tax regime selected. Accordingly, the income under the head "Salaries" is proposed to be recomputed after allowing only such allowances and deductions as are admissible under the applicable tax regime, under section 143(1)(a) of the Income-tax Act, 1961.

Should I just accept or reject? Please suggest

Highly surprised by the Income tax department now. Clients getting refunds in 2 hours 🥹That's crazy. For the last 3 days it has been really amazing.

Hi everyone,

I'm an MBBS graduate currently doing my 1-year compulsory rural service bond under the State Government. I need to file my ITR for AY 2026–27.

My monthly remuneration is around ₹60k but payments are released only when the government has budget available. For the previous financial year, from January to March, I had only 13 working days and received about ₹23k, on which TDS of ₹2,300 was deducted.

The remaining salary/remuneration for later months was paid only in July, so it doesn't fall in this assessment year.

My Form 16A mentions the nature of payment as Section 194J.

I'm confused about the following:

1. Should I file ITR-3 or ITR-4?

2. Since Form 16A is under Section 194J, should I show ₹23,226 as professional income, or should I treat it as salary income because I'm working as a government bond doctor?

3. If it has to be shown as professional income, is opting for presumptive taxation under Section 44ADA appropriate in this situation?

I'd really appreciate guidance

Thank you!

I had a savings account with Paytm Payments Bank, but I haven't used it for a long time.

Now I need the account statement for FY 2025-26 (April 2025 to March 2026) for filing my Income Tax Return. However, when I open the Paytm app, it only shows that Paytm Payments Bank's banking services have been discontinued, and I cannot access my account details or download statements anymore.

Has anyone faced a similar issue recently?

Is there any portal where old account statements can still be downloaded?

Any guidance from people who have successfully obtained their statements after the Paytm Payments Bank shutdown would be appreciated.

I have 86k to receive. This sub helped me cope last year, so what are we looking at this year? More delay or can we expect faster returns?

Let me know

Yeah so, if you have a "Salary + House property + Interest income", I can help you file your ITR for free! or whatever you wish to pay.

This is just something that I feel even AI can do, but with a human doing it for you, gives you - better trust and me - a sense of giving back to society (just trying to develop a non selfish side in myself). So yeah, shoot your shot!

Has anyone received the refund filed for AY 2026-27. I have filed mine on 5th June 2026. No movement after that.