Taxpayers who filed their income tax returns by the July 31 deadline are now awaiting refunds. The Income ...More

Taxpayers who filed their income tax returns by the July 31 deadline are now awaiting refunds. The Income Tax Department processes refunds after successful e-verification of the filed returns. ...Less

The Income Tax Department has uncovered a large tax refund fraud racket. A 30-year-old woman allegedly cr ...More

The Income Tax Department has uncovered a large tax refund fraud racket. A 30-year-old woman allegedly created fake deductions worth crores of rupees. She used these to secure fraudulent refunds for over three thousand clients nationwide. Coordinated raids led to the seizure of cash and fixed deposits. Prosecution proceedings have begun against the accused and her clients. ...Less

Filing income tax returns early increases processing likelihood but does not guarantee faster refunds. Su ...More

Filing income tax returns early increases processing likelihood but does not guarantee faster refunds. Successful e-verification and matching tax records are crucial for timely refund processing. Pre-validating bank accounts and avoiding complex disclosures expedite the refund process. Mismatched information and unverified returns can significantly delay refund issuance. Accurate details and prompt responses ensure smoother refund processing for taxpayers. ...Less

Rs 17.41 lakh penalty imposed due to error in ITR filed by junior staff in CA firm; Here's how affidavit ...More

Rs 17.41 lakh penalty imposed due to error in ITR filed by junior staff in CA firm; Here's how affidavit from the CA firm's owner helps taxpayer get relief from penalty in ITAT Mumbai. Know how taxpayer won case in ITAT Mumbai ...Less

Taxpayers will file Income Tax Returns for FY 2025-26 under the Income-tax Act, 1961. The due date for mo ...More

Taxpayers will file Income Tax Returns for FY 2025-26 under the Income-tax Act, 1961. The due date for most individuals is July 31, 2026, while others have later deadlines. Missing the initial deadline allows filing a belated return until December 31, 2026. Late filing incurs a fee of Rs 5,000 or Rs 1,000 based on income. ...Less

Students, salaried individuals, and pensioners can file ITR-1 for AY 2026-2027. The deadline for filing t ...More

Students, salaried individuals, and pensioners can file ITR-1 for AY 2026-2027. The deadline for filing this income tax return is July 31, 2026. This simplified form is for resident individuals with income up to fifty lakh rupees. It covers income from salary, one house property, and other specified sources. Taxpayers must log in to the e-filing portal and follow the guided steps. ...Less

NRI son gifted Rs 30 lakh shares to his father through an off-market transfer. Should it be reported in I ...More

NRI son gifted Rs 30 lakh shares to his father through an off-market transfer. Should it be reported in ITR? Although a genuine gift of shares from a son to his father is not regarded as a transfer for capital gains purposes in the hands of the donor, the reporting of such off-market transactions in the Annual Information Statement (AIS) often creates uncertainty. Experts explain AIS, tax rules and how to avoid notices. ...Less

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According to the income tax rules, car dealers are required to deduct 1% TCS if the ex-showroom value of ...More

According to the income tax rules, car dealers are required to deduct 1% TCS if the ex-showroom value of the car exceeds Rs 10 lakh. However, do not confuse your total car cost with the ex-showroom price, which is the base retail cost excluding any kind of taxes, accessory charges etc. ...Less

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Nearly Rs 91,000 crore was wiped off the market value of HDFC Bank, Axis Bank and Kotak Mahindra Bank as ...More

Nearly Rs 91,000 crore was wiped off the market value of HDFC Bank, Axis Bank and Kotak Mahindra Bank as stronger credit growth failed to offset concerns over shrinking net interest margins, weaker CASA deposits and leadership uncertainty. ICICI Bank bucked the trend, supported by resilient profitability and balanced loan growth. ...Less

Can the Income Tax Department tax you based only on papers found during a builder's search? A recent ITAT ...More

Can the Income Tax Department tax you based only on papers found during a builder's search? A recent ITAT ruling explains when third-party documents are not enough and the important rights every property buyer should know. ...Less

Gifts from specified relatives are fully exempt from income tax. Non-relative gifts exceeding certain val ...More

Gifts from specified relatives are fully exempt from income tax. Non-relative gifts exceeding certain values become taxable under specific rules. Taxable gifts must be reported under income from other sources. Maintaining proper documentation is crucial for all gift transactions. Read the article to learn which gifts stay exempt from tax and which ones trigger a tax liability. ...Less

Taxpayers should verify Annual Information Statement data for capital gains. Relying solely on AIS may le ...More

Taxpayers should verify Annual Information Statement data for capital gains. Relying solely on AIS may lead to incorrect income reporting for AY 2026-27. Download broker P&L statements and reconcile them with AIS information. Independent capital gains computation is crucial before filing income tax returns. This ensures accurate reporting and compliance with tax regulations. ...Less

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A Delhi landlord, busy caring for his ailing father, missed the deadline to e-verify his income tax retur ...More

A Delhi landlord, busy caring for his ailing father, missed the deadline to e-verify his income tax return, leading to a denied Rs 17 lakh refund. The Income Tax Appellate Tribunal (ITAT) Delhi intervened, ruling that withholding the refund on a technicality would amount to unjust enrichment. The tribunal emphasized that tax can only be collected by law, allowing the landlord to claim his rightful refund. ...Less

Income Tax Return (ITR) filing for the assessment year 2026-2027 sees a significant update with a new 'Ot ...More

Income Tax Return (ITR) filing for the assessment year 2026-2027 sees a significant update with a new 'Other Income' column under the Exempt Income Schedule. This allows taxpayers to voluntarily disclose non-taxable receipts that don't fit specific categories, like rural agricultural land sales or gifts from relatives. Experts advise this proactive reporting to prevent potential tax notices and mismatches with departmental records, especially for substantial transactions. ...Less

Consistently filing Income Tax Returns creates a verifiable financial document. Banks often request these ...More

Consistently filing Income Tax Returns creates a verifiable financial document. Banks often request these returns to assess loan applicant income stability. ITRs also help demonstrate financial capacity for visa and study abroad applications. Landlords and businesses may seek ITRs for tenancy and partnership evaluations. Preserving complete tax records is crucial for future financial needs and compliance. ...Less

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Years of diligent wealth building can be lost to forgotten investments. Life's changes often lead to uncl ...More

Years of diligent wealth building can be lost to forgotten investments. Life's changes often lead to unclaimed bank deposits, insurance, shares, and mutual funds. Fortunately, the government's Unclaimed Assets Portal offers a single search point. While it helps locate these assets, remember it's a search tool, not a claim settlement system. Recovering your money requires a separate process with the relevant institution, even if funds were transferred to government-managed accounts. ...Less

A government booklet marks Narendra Modi's tenure as India's longest-serving Prime Minister. It highlight ...More

A government booklet marks Narendra Modi's tenure as India's longest-serving Prime Minister. It highlights tax reductions and reforms like GST and Digital India. These initiatives have built public trust and supported India's journey towards becoming a USD 5-trillion economy. Increased taxpayer confidence fuels investment in national development. ...Less

Many taxpayers who filed ITRs for FY 2024–25 (AY 2025–26) are still waiting for refunds. However, such de ...More

Many taxpayers who filed ITRs for FY 2024–25 (AY 2025–26) are still waiting for refunds. However, such delays are not uncommon and do not always indicate an issue with the return. ...Less

Income Tax Refunds Delay News: Taxpayers filing for FY 2024-25 are experiencing delayed refunds, though t ...More

Income Tax Refunds Delay News: Taxpayers filing for FY 2024-25 are experiencing delayed refunds, though the Income Tax Department remains within statutory processing timelines. Delays often stem from high-value claims, pending demands, or simple taxpayer errors like claiming deductions not reported to employers. ...Less

Thousands of taxpayers are still waiting for their income tax refunds even though they filed returns mont ...More

Thousands of taxpayers are still waiting for their income tax refunds even though they filed returns months back. Read on to find out what the CBDT chairman has said about high-value refunds. ...Less

Income tax refund: After submitting your tax return, if you meet the requirements for a tax refund, you s ...More

Income tax refund: After submitting your tax return, if you meet the requirements for a tax refund, you should receive the refund plus interest at a specific rate in the event of a delay. Nonetheless, this is not always the case. ...Less

ITR Refund Status Check: Many taxpayers are experiencing delays in receiving their Income Tax Return (ITR ...More

ITR Refund Status Check: Many taxpayers are experiencing delays in receiving their Income Tax Return (ITR) refunds this year. The Income Tax Department offers online methods to check refund status via PAN on the e-filing or TIN websites. Refunds are typically processed within four to five weeks after e-verification, but delays can occur due to various reasons. ...Less

Americans are adjusting their spending as fuel prices climb. Shoppers are altering routines, visiting dis ...More

Americans are adjusting their spending as fuel prices climb. Shoppers are altering routines, visiting discount stores for gas, and cutting back on non-essential purchases like clothing and furniture. While some retailers see resilience, lower-income customers are noticeably reducing spending. Economists anticipate further retrenchment as tax refunds diminish and the cumulative impact of higher prices is felt across budgets. ...Less

As per the Income Tax Act, a person is required to file his/her income tax return in the relevant assessm ...More

As per the Income Tax Act, a person is required to file his/her income tax return in the relevant assessment year by July 31 (unless the deadline is extended) to claim the tax refund. Here are the steps to file an income tax return to claim a tax refund from the income tax department. ...Less

After processing your income tax return, the tax department must state in your intimation notice that you ...More

After processing your income tax return, the tax department must state in your intimation notice that you have an income tax refund due. If the income tax refund is due to you as per the income tax department, then here are the steps you must follow to check the income tax refund status. ...Less

Income tax refund status: If you've overpaid taxes for a financial year, you can claim an income tax refu ...More

Income tax refund status: If you've overpaid taxes for a financial year, you can claim an income tax refund after filing your income tax return (ITR). The refund is issued after your ITR is processed and confirmed via an intimation notice under section 143(1) of the Income-tax Act, 1961. The deadline for filing returns for FY 2023-24 (AY 2023-24) is July 31, 2024. ...Less

After submitting your income tax return (ITR) for that fiscal year, you may be eligible for an income tax ...More

After submitting your income tax return (ITR) for that fiscal year, you may be eligible for an income tax refund if you paid more in taxes than your actual tax obligation. ...Less

Income tax refund pending: If income tax department does not process the income tax return (ITR), the tax ...More

Income tax refund pending: If income tax department does not process the income tax return (ITR), the taxpayer will not get their income tax refund dues (if any). The income tax laws mandate the deadline by which the income tax department must process the tax return. Read on to know the due date for the same. ...Less

Experts are urging the government to introduce a real-time income tax refund tracker on the e-filing port ...More

Experts are urging the government to introduce a real-time income tax refund tracker on the e-filing portal ahead of Budget 2026. This move aims to alleviate taxpayer anxiety and financial planning challenges caused by delayed refunds. The proposed tracker would offer clear status updates and an escalation option for prolonged delays, enhancing transparency and efficiency. ...Less

The income tax department had previously announced that from March 1, 2019, it will issue only e-refunds. ...More

The income tax department had previously announced that from March 1, 2019, it will issue only e-refunds. These tax refunds will be credited only to those bank accounts which are linked with PAN and are also pre-validated on the new income tax e-filing website. Here is a step-by-step guide to pre-validate a bank account on the new income tax portal to get the income tax refund on time. ...Less

Once your income tax return is processed by the tax department, the refund will be issued to you, if due. ...More

Once your income tax return is processed by the tax department, the refund will be issued to you, if due. Here is how you can check the tax refund status. Do keep in mind that the refund is processed by the State Bank of India (SBI). ...Less

About 92 per cent of the income-tax refund claims for fiscal 2007-08 will be settled without the taxpayer ...More

About 92 per cent of the income-tax refund claims for fiscal 2007-08 will be settled without the taxpayers needing to produce TDS certificates, as the Government has relaxed the criteria in this regard. ...Less

Income tax refund from outstanding tax demand waiver: The interim budget 2024 announced the waiving off o ...More

Income tax refund from outstanding tax demand waiver: The interim budget 2024 announced the waiving off old outstanding tax demands for a specified amount upto specified financial years. However, many taxpayers are wondering if they will get income tax refund from previous years. Also what if their income tax refund amount is stuck due to litigation? Read on to know more about it. ...Less

"CBDT issues refunds of over Rs 1,54,302 crore to more than 1.59 crore taxpayers from 1st Apr, 2021 to 10 ...More

"CBDT issues refunds of over Rs 1,54,302 crore to more than 1.59 crore taxpayers from 1st Apr, 2021 to 10th January, 2022," the Income Tax Department said in a tweet. ...Less

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If there is any income tax refund due to you as per the income tax department's calculations, it usually ...More

If there is any income tax refund due to you as per the income tax department's calculations, it usually is credited to your bank account in few weeks. However, there is a certain amount of income tax refund which is not credited to the individual's bank account. Read on to know why. ...Less

Income tax refund: Generally after filing of ITR if you are eligible for a tax refund, it is given to you ...More

Income tax refund: Generally after filing of ITR if you are eligible for a tax refund, it is given to you along with a specified interest. However in certain situations you don't get this interest and in other situations like when the tax refund amount is Rs 100, you don't get this too. ...Less

The income tax refund is processed by State Bank of India (SBI) and is directly credited to the bank acco ...More

The income tax refund is processed by State Bank of India (SBI) and is directly credited to the bank account nominated by the taxpayer in his/her ITR at the time of filing it. ...Less

ITRs must be filed before the due date. Timely filing helps the I-T department manage the workload effici ...More

ITRs must be filed before the due date. Timely filing helps the I-T department manage the workload efficiently and ensures that the return is processed promptly. ...Less

Two significant changes to income tax refund rules are effective from April 1, 2026, impacting Tax Year 2 ...More

Two significant changes to income tax refund rules are effective from April 1, 2026, impacting Tax Year 2026-27. The Finance Act 2026 clarifies interest computation for past tax years and allows tax refunds to be set off against demands under either the old or new Income Tax Acts, simplifying processes for taxpayers. ...Less

It has come to the notice of the Income Tax Department that certain taxpayers were unable to receive thei ...More

It has come to the notice of the Income Tax Department that certain taxpayers were unable to receive their income tax refunds as there may be outstanding tax demand pending from the previous year(s). ...Less

All pending income tax refunds up to Rs 5 lakh will be issued immediately to individuals and business ent ...More

All pending income tax refunds up to Rs 5 lakh will be issued immediately to individuals and business entities. ...Less

If your income tax return has been processed and refund is confirmed but still pending, you need to check ...More

If your income tax return has been processed and refund is confirmed but still pending, you need to check the status of the refund. Here are the three possible reasons why your ITR is still pending. ...Less

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Unintentional error in bank details, delay in processing of paper income tax return (ITR), change in resi ...More

Unintentional error in bank details, delay in processing of paper income tax return (ITR), change in residential address are among the common reasons for the delay. ...Less

How to check income tax refund status ...More

How to check income tax refund status ...Less

This is a one-time measure to clear the backlog of refunds and accordingly the reduced timeline of 15 day ...More

This is a one-time measure to clear the backlog of refunds and accordingly the reduced timeline of 15 days shall be valid only till March 31, 2016. ...Less

ITR Filing Last Date: Many taxpayers are facing delays in receiving their income tax refunds due to vario ...More

ITR Filing Last Date: Many taxpayers are facing delays in receiving their income tax refunds due to various reasons, including incorrect bank details, unvalidated accounts, or a PAN not linked with Aadhaar. Refunds are typically processed within 2 to 5 weeks after e-verification, but larger refunds may undergo additional scrutiny. ...Less

Income tax refund: Taxpayers await income tax refunds after the September 16, 2025, deadline. E-verificat ...More

Income tax refund: Taxpayers await income tax refunds after the September 16, 2025, deadline. E-verification starts the refund process. Refunds usually arrive in four to five weeks. Delays occur due to data mismatches or incorrect bank details. Check refund status on the Income Tax portal. Ensure bank details are pre-validated and PAN is linked to Aadhaar. There is no upper limit on refunds. ...Less

"Income-tax refunds amounting to Rs 1,19,964.13 crore relating to last three assessment years are pending ...More

"Income-tax refunds amounting to Rs 1,19,964.13 crore relating to last three assessment years are pending as on March 5, 2015," Sinha said. ...Less

The refunds have been issued since April 1, 2020 when the government took the decision to issue pending i ...More

The refunds have been issued since April 1, 2020 when the government took the decision to issue pending income tax refunds at the earliest. ...Less

If you're constantly checking your bank account for that tax refund, this guide will help you track your ...More

If you're constantly checking your bank account for that tax refund, this guide will help you track your income tax refund status check online and understand why delays happen. ...Less

Income tax refund: No tax refund for identified taxpayers because their income tax return (ITR) has been ...More

Income tax refund: No tax refund for identified taxpayers because their income tax return (ITR) has been identified by the 'Risk Management System (RMS) of the Income tax department. If your ITR is among the identified ITRs then no refund will be issued, unless you confirm it or file a revised ITR to fix the highlighted issue. ...Less

Income tax refunds for the 2025-26 assessment year are being credited. Some taxpayers are still waiting f ...More

Income tax refunds for the 2025-26 assessment year are being credited. Some taxpayers are still waiting for their refunds. The CBDT Chairman explained that delays occur due to reviews of deduction claims. Taxpayers can check their refund status online. Incorrect bank details or ITR errors can also cause delays. The department aims to release remaining refunds soon. ...Less

Individual and small corporate taxpayers will get income or corporate tax refunds in four months, with th ...More

Individual and small corporate taxpayers will get income or corporate tax refunds in four months, with the refund banker scheme spreading across the country soon. ...Less

Even as income-tax payers grapple with non-acceptance of their returns, it’s surely not a good time to ex ...More

Even as income-tax payers grapple with non-acceptance of their returns, it’s surely not a good time to expect refunds. ...Less

The Central Board of Direct Taxes (CBDT) issued income tax refunds totaling more than Rs. 1.14 lakh crore ...More

The Central Board of Direct Taxes (CBDT) issued income tax refunds totaling more than Rs. 1.14 lakh crore to more than 1.97 crore taxpayers. ...Less

Income tax refund: No refund of income tax is given in case your name in the PAN and bank account is not ...More

Income tax refund: No refund of income tax is given in case your name in the PAN and bank account is not the same. Even if there is a slight mismatch in the name, the tax department may stop the tax payment. Read below to know what are your options and how to get tax refund in such cases. ...Less

Sec 143 (1) notices sent by the income tax department to taxpayers after processing their returns also in ...More

Sec 143 (1) notices sent by the income tax department to taxpayers after processing their returns also indicate the above in cases where there is a refund or tax demand of less than this amount. ...Less

Taxpayers are entitled to receiving refunds, if payable, after their returns have been processed by the C ...More

Taxpayers are entitled to receiving refunds, if payable, after their returns have been processed by the Central Processing Centre in Bangalore. ...Less

Are now awaiting an income tax refund? Here are four points you should know. ...More

Are now awaiting an income tax refund? Here are four points you should know. ...Less

As many as 8-10 lakh income tax assessees in parts of Delhi and Patna will get refunds faster as the gove ...More

As many as 8-10 lakh income tax assessees in parts of Delhi and Patna will get refunds faster as the government has appointed State Bank of India as banker to credit the amount under this head to the taxpayers' accounts. ...Less

Once the income tax is filed and verified, then an individual waits to get the income tax refund (if any ...More

Once the income tax is filed and verified, then an individual waits to get the income tax refund (if any due). However, not many people are aware of the time it takes to get the income tax refund from the income tax department. Read on to know what income tax laws say about it. ...Less

Income tax refunds are processed in two ways: Direct credit through RTGS / NECS or by a paper cheque. ...More

Income tax refunds are processed in two ways: Direct credit through RTGS / NECS or by a paper cheque. ...Less

All registered taxpayers on the e-Filing portal (post-login) who have a valid PAN and a valid bank accoun ...More

All registered taxpayers on the e-Filing portal (post-login) who have a valid PAN and a valid bank account can use the My Bank Account service. ...Less

Expressing concern over unusual delays in income-tax refunds, which have increased in recent years, the D ...More

Expressing concern over unusual delays in income-tax refunds, which have increased in recent years, the Delhi High Court has said in a ruling that the authorities cannot withhold the return of due amount to an assessee in perpetuity. ...Less

"CBDT issues refunds of over Rs 1,62,448 crore to more than 1.79 crore taxpayers from 1st Apr,2021 to 24t ...More

"CBDT issues refunds of over Rs 1,62,448 crore to more than 1.79 crore taxpayers from 1st Apr,2021 to 24th Jan,2022," the Income Tax department tweeted. ...Less

Income tax department has passed an order stating that individuals who had filed ITRs for AY 2018-19 (FY ...More

Income tax department has passed an order stating that individuals who had filed ITRs for AY 2018-19 (FY 2017-18), AY 2019-20 (FY 2018-19) and AY 2020-21 (FY 2019-20) and still not received their income tax refund yet, would now get so by January 31, 2023. However if an individual has got an tax demand at the time of ITR filing or after processing of ITR, this relaxation would not be applicable. ...Less

Income tax refund: You may have to wait a big longer if you have filed the complicated income tax return ...More

Income tax refund: You may have to wait a big longer if you have filed the complicated income tax return (ITR) forms like ITR-2 or ITR-3. "Generally, it is observed that simpler forms like ITR-1 are processed more quickly as compared to complex forms like ITR-3," says CA Muskkan Kukreja, Assistant Director and Program Coordinator -Accounting and Finance, S K Somaiya College. ...Less

"CBDT issues refunds of over Rs 1,36,962 crore to more than 41.25 lakh taxpayers between 1st April, 2020 ...More

"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 refunds of Rs 36,028 crore have been issued in 39,28,067 cases & corporate tax refunds of Rs 1,00,934 crore have been issued in 1,96,880 cases," the I-T Department tweeted. ...Less

How to claim income tax refund online: You may be eligible for a tax refund if you have paid more taxes t ...More

How to claim income tax refund online: You may be eligible for a tax refund if you have paid more taxes than you owe. You can claim the refund when filing your income tax return (ITR) by the deadline of July 31, 2024 for FY 2023-24 (AY 2024-25). ...Less

ITR Filing: The Central Board of Direct Taxes recently issued a circular for condonation of delay in fili ...More

ITR Filing: The Central Board of Direct Taxes recently issued a circular for condonation of delay in filing ITR. The latest circular has reduced the time limit for applying for condonation of delay. This condonation of delay request is filed by a taxpayer to claim old income tax refunds and carry forward of losses and set off. ...Less

According to senior taxmen, they reject an overwhelmingly large number of eligible cases every year for w ...More

According to senior taxmen, they reject an overwhelmingly large number of eligible cases every year for what they call the incidence of missing entries. ...Less

Tax refund: If you doubt the calculation taken by the income tax department in regard to your ITR then yo ...More

Tax refund: If you doubt the calculation taken by the income tax department in regard to your ITR then you have the option to file a rectification request. If the department has processed your income tax return then a section 143(1) intimation will be sent. This intimation will mention the tax refund amount. ...Less

"CBDT issues refunds of over Rs 2,00,411 crore to more than 2.02 crore taxpayers between 1st April 2020 t ...More

"CBDT issues refunds of over Rs 2,00,411 crore to more than 2.02 crore taxpayers between 1st April 2020 to 8th March 2021," the I-T department tweeted. ...Less

"CBDT issues refunds of over Rs. 1,81,336 crore to more than 1.74 crore taxpayers between 1st April, 2020 ...More

"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 department tweeted. ...Less

Of this, personal income tax refunds worth Rs 5,575 crore were issued in over 12.71 lakh cases and corpor ...More

Of this, personal income tax refunds worth Rs 5,575 crore were issued in over 12.71 lakh cases and corporate tax refunds of Rs 11,486 crore were issued to 29,592 taxpayers. ...Less

The income tax refunds will be credited only to bank accounts (savings/current/cash/OD) which are linked ...More

The income tax refunds will be credited only to bank accounts (savings/current/cash/OD) which are linked to PAN, w.e.f. March 1, 2019. ...Less

Many taxpayers are still waiting for their AY 2025–26 income tax refunds, even as others have already rec ...More

Many taxpayers are still waiting for their AY 2025–26 income tax refunds, even as others have already received theirs after filing and verifying their returns. Read on to find out why it is getting delayed and how to check your ITR refund status. ...Less

Income tax refund: The tax department begins processing refunds after the taxpayer verifies the form elec ...More

Income tax refund: The tax department begins processing refunds after the taxpayer verifies the form electronically. The refund is typically credited to the taxpayer's account in four to five weeks. If your refund has failed, you have to submit a “Refund Reissue Request” as applicable. ...Less

claim income tax refund: An individual can claim income tax refund while filing their income tax return. ...More

claim income tax refund: An individual can claim income tax refund while filing their income tax return. However, it may happen that the taxpayer received excess income in the previous year and paid taxes accordingly. Now, the taxpayer needs to return the excess income received. Can he also claim income tax refund on it? ...Less

Many taxpayers who filed ITRs for FY 2024–25 (AY 2025–26) are still waiting for income tax refunds. Such ...More

Many taxpayers who filed ITRs for FY 2024–25 (AY 2025–26) are still waiting for income tax refunds. Such delays are not unusual and do not necessarily indicate an error in the return. Read on to find out when ITR refund can be expected. ...Less

In the first half of the current financial year, LIC's new business premium income (individual) segment r ...More

In the first half of the current financial year, LIC's new business premium income (individual) segment registered a 2.65 per cent growth to Rs 25,184 crore as against Rs 24,535 crore in the year-ago period, as per the filing. New business premium is the premium due in the first policy year of a life insurance contract. ...Less

Due to changes in bank account details, previously validated bank accounts may need to be updated and re- ...More

Due to changes in bank account details, previously validated bank accounts may need to be updated and re-validated. ...Less

"CBDT issues refunds of over Rs. 67,401 crore to more than 23.99 lakh taxpayers between 1 April 2021 to 3 ...More

"CBDT issues refunds of over Rs. 67,401 crore to more than 23.99 lakh taxpayers between 1 April 2021 to 30 August 2021. Income tax refunds of Rs. 16,373 crore have been issued in 22,61,918 cases and corporate tax refunds of Rs. 51,029 crore have been issued in 1,37,327 cases," Income Tax India tweeted. ...Less

ITR filing experience this year will be different from previous years due to several modifications introd ...More

ITR filing experience this year will be different from previous years due to several modifications introduced by the Income Tax Act of 1961 for FY 2024-25. T Wealth Online spoke to several tax experts to gain insights into the changes in this year's ITR filing process. ...Less

Income tax refunds to individuals, upto Rs 5 lakh that have been pending will be released quickly, which ...More

Income tax refunds to individuals, upto Rs 5 lakh that have been pending will be released quickly, which will benefit some 14 lakh people. ...Less

The bank received ₹497 crore as income tax refund in the quarter ending March as against ₹8 crore in the ...More

The bank received ₹497 crore as income tax refund in the quarter ending March as against ₹8 crore in the comparable period, which helped to push up profits for the fourth quarter. ...Less

Vodafone Idea is gearing up for a transformative leap in capital investments, set to kick off in the firs ...More

Vodafone Idea is gearing up for a transformative leap in capital investments, set to kick off in the first quarter of FY27. With a bold vision for a ₹45,000 crore network expansion over the next three years, Vi is strategically positioning itself in the market. ...Less

The income tax department has tweaked the process of claiming the tax refund from this year. ...More

The income tax department has tweaked the process of claiming the tax refund from this year. ...Less

The income tax department is sending emails to individual taxpayers asking them to confirm that the claim ...More

The income tax department is sending emails to individual taxpayers asking them to confirm that the claims made in their ITR are correct. Such emails are sent if an individual has an income tax refund due to them. An individual is required to send a confirmation by submitting a response on the new e-filing income tax portal. ...Less

Of this personal income tax refunds worth Rs 5,047 crore has been issued in over 11.51 lakh cases. Corpor ...More

Of this personal income tax refunds worth Rs 5,047 crore has been issued in over 11.51 lakh cases. Corporate tax refunds of Rs 10,392 crore have been issued to 21,487 taxpayers. ...Less

"Income tax refunds of Rs 33,548 crore have been issued in 89,53,923 cases & corporate tax refunds of Rs ...More

"Income tax refunds of Rs 33,548 crore have been issued in 89,53,923 cases & corporate tax refunds of Rs 78,942 crore have been issued in 1,75,692 cases," the Income Tax department tweeted. ...Less

In a tweet, the department said income tax refunds of Rs 49,194 crore have been issued to 1,35,35,261 ent ...More

In a tweet, the department said income tax refunds of Rs 49,194 crore have been issued to 1,35,35,261 entities and corporate tax refunds of Rs 95,133 crore have been issued in over 2.11 lakh cases. ...Less

The Income Tax department has issued 40 lakh refunds worth Rs 25,000 crore in the current financial year ...More

The Income Tax department has issued 40 lakh refunds worth Rs 25,000 crore in the current financial year to taxpayers. ...Less