TAX REFUNDS
CBIC addresses IGST refund issues of exporters"It is seen that a considerable number of exporters have been facing difficulties in getting their IGST refund sanctioned either due to lac...
- I-T refunds worth Rs 1.91 lakh crore issued between April 1 - Feb 8
Of this, personal income tax refunds of Rs 67,334 crore have been issued to over 1.84 crore taxpayers and corporate tax refunds of Rs 1.23 ...
- Max time for processing your ITR, tax refunds now 9 months vs 1 year earlier
Effectively this means that if an individual files ITR for FY 2019-20 by July 31, 2020, then the income tax department has time till March ...
- How EPF discriminates against those who need it the most
The government is in the process of implementing the new Labour Codes, likely to be effective from April 1, 2021. One of the important aspe...
- Income Tax refunds worth Rs 1.81 lakh crore issued so far in FY21
"CBDT issues refunds of over Rs. 1,81,336 crore to more than 1.74 crore taxpayers between 1st April, 2020 to 25th January, 2021," the depar...
- Haven't got income tax refund as yet? You may need to confirm it to the tax dept
This is largely happening in the cases where the difference on account of deductions and exemptions shown in the Form 16 and the ones claim...
- Income tax refund of this amount will not be paid by tax dept
As per a government press note in 2012, if the amount of income tax refund or tax payable is this much, then you are neither liable to pay ...
- Tax refunds worth Rs 1.73 lakh crore issued so far this fiscal: I-T department
CBDT (Central Board of Direct Taxes) issues refunds of over Rs 1,73,139 crore to more than 1.57 crore taxpayers between April 1, 2020 to Ja...
- I-T refunds worth Rs 1.64 lakh crore issued to 1.41 crore taxpayers till January 4
This includes Personal income tax (PIT) refunds amounting to Rs 53,070 crore and corporate tax refunds of over Rs 1.10 lakh crore during th...
- Exporters complain of delay in GST refunds despite government timeframe
The tax department had come out with a guideline to process these within a deadline and recently the authorities had said that the duty dra...
- Rise in fake invoices
- Tax department waives off requirement to record UIN on invoices
UIN is a special GST registration category for foreign diplomatic missions, embassies and specialized agencies of the United Nations Organi...
- I-T refunds worth Rs 1.45 lakh cr issued to 89 lakh taxpayers
"CBDT issues refunds of over Rs 1,45,619 crore to more than 89.29 lakh taxpayers between 1st April, 2020, to 08th December, 2020," the Fina...
- I-T refunds worth Rs 1.40 lakh crore issued to 59.68 lakh taxpayers in 8 months
This include personal income tax (PIT) refunds amounting to Rs 38,105 crore and corporate tax refunds of over Rs 1.02 lakh crore during thi...
- Income Tax refunds worth Rs 1.36 lakh crore issued to 41.25 lakh taxpayers till Nov 24
"CBDT issues refunds of over Rs 1,36,962 crore to more than 41.25 lakh taxpayers between 1st April, 2020 to 24th November,2020. Income tax ...
- I-T refunds worth Rs 1.36 lakh cr issued to 40.19 lakh taxpayers till Nov 17
This includes Personal income tax (PIT) refunds amounting to Rs 35,750 crore and corporate tax refunds of over Rs 1 lakh crore during this ...
- I-T refunds worth Rs 1.32 lakh cr issued to 39.75 lakh taxpayers
This include Personal income tax (PIT) refunds amounting to Rs 35,123 crore and corporate tax refunds amounting to Rs 97,677 crore during t...
- Multiplexes, theme parks in Maharashtra yet to get entertainment tax refund
Under the state’s tourism policy, the state government had waived off entertainment tax — then at 15% — in order to incentivise theme parks...
- I-T refunds worth Rs 1.29 lakh cr issued to 39.49 lakh taxpayers
"CBDT issues refunds of over Rs 1,29,190 crore to more than 39.49 lakh taxpayers between 1st April, 2020 to 3rd November, 2020. Income tax ...
MORE NEWS
