ITR REFUND NOT RECEIVED ? New REASON FOR NOT PROCESSING INCOME TAX RETURN !

ITR REFUND NOT RECEIVED ? New REASON FOR NOT PROCESSING INCOME TAX RETURN ! Video Summary Topic: Reasons for Income Tax Return (ITR) Processing Delays & Penalties. This video by CA Satbir Singh explains a critical mistake causing many Income Tax Returns (ITR) to remain unprocessed. The speaker highlights that taxpayers under the New Tax Regime are incorrectly claiming exemptions (such as HRA under Section 10) and deductions to artificially lower their taxable income below ₹7 Lakhs to claim a full tax rebate and refund. Key Points: The Error: Claiming unauthorized exemptions/allowances in the New Tax Regime is flagged by the Income Tax Department. The Consequence: This is considered "Misreporting of Income" and can lead to a penalty of up to 200% of the tax evaded, plus interest. Immediate Action: Taxpayers are urged to review their filed returns. If this error was made, they must revise their ITR before December 31, 2025, to avoid heavy penalties and legal notices. ITR refund not received, income tax return not processed, ITR processing delay reason, new tax regime vs old regime, income tax notice 2025, misreporting of income penalty, section 10 exemption new regime, claim HRA in new tax regime, ITR revision last date 2025, CA Satbir Singh, income tax refund status, tax evasion penalty 200 percent, defective return notice, how to revise ITR, salary ITR filing mistakes, income tax rebate limit, standard deduction new regime, ITR 1 filing tips, tax refund rejection, income tax department updates #IncomeTaxReturn #ITRRefund #NewTaxRegime #TaxPenalty #CASatbirSingh #IncomeTaxIndia #ITRProcessing #TaxFilingMistakes #HRAExemption #ReviseITR #TaxUpdate2025 #FinancialTips #TaxCompliance #IncomeTaxNotice #TaxRefund