Why are some AY 2025-26 ITR refunds delayed beyond 90 days?

Most delays arise from risk analytics checks where reported income does not match data in AIS, TIS, or Form 26AS. The CBDT NUDGE campaign seeks clarifications first, then clears refunds. Cases with capital gains, interest mismatches, or TDS errors often need documents or corrections before processing continues.

How can I check my income tax refund status online?

Log in to the e-filing portal, open “View Filed Returns,” select AY 2025-26, and view the current status. Check the e-Proceedings tab for notices, ensure your bank account is pre-validated, and confirm PAN linkage. If no action is pending and it still stalls, file a grievance with evidence.

Do senior citizens get faster ITR refunds this year?

There is no separate fast-track plan reported for senior citizens at present. Seniors can still speed outcomes by ensuring AIS, TIS, and Form 26AS fully match declarations, pre-validating bank accounts, and replying promptly to any nudges. If unresolved beyond expected timelines, raising a grievance can help escalation.

What market impact can an ITR refund delay create?

Refund delays can trim short-term household spending and shift savings to deposits, nudging retail demand indicators lower. Sensitive areas include discretionary retail, quick-service food, gadgets, and affordable travel. Effects are usually temporary and should ease as the backlog clears and refunds credit to validated bank accounts.

Law and Government

India ITR Refunds February 13: 24.6 Lakh Delayed, Market Impact

ByHuzaifa Zahoor February 13, 2026February 13, 2026

ITR refund delay is back in focus as government data show about 24.6 lakh AY 2025-26 returns pending beyond 90 days, roughly 2.8% of 8.8 crore filings. Most cases face risk analytics checks under the CBDT NUDGE campaign. There is no fast-track plan for senior citizens yet. For investors in India, such delays can squeeze household liquidity, soften near-term consumption, and shift savings flows. We explain the drivers, how to track income tax refund status, and the market read-through to position portfolios with clarity.