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CBDT ISSUES REFUNDS
Govt scraps TDS on GIFT City aircraft lease rentalsAirlines are now exempt from deducting tax at source on lease rentals paid to eligible aircraft leasing companies in GIFT City. This move a...- Taxman to track slipping sectors & top tax payersThe communication, dated June 16, a copy of which was seen by ET, also mandated each zone to submit a report to the Directorate of Tax Rese...
- What crypto investors need to know for tax season 2026India's tax season now demands greater scrutiny for crypto investors as enforcement intensifies. New reporting requirements, including tran...
- Good news for taxpayers! Faster tax refunds, quicker dispute resolution, TDS framework improvements and more planned by CBDT for 2026-27Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes. The Central Board of Direct Taxe...
- Direct tax mop-up misses FY26 target; Collections rise 5%India's direct tax collections saw a modest rise in FY26. However, the total mop-up missed the revised target by ₹81,000 crore. Both corpor...
- Income tax refunds of over Rs 1.83 lakh crore issued so far this fiscal: CBDT"CBDT issues refunds of over Rs 1,86,677 crore to more than 2.14 crore taxpayers from 1st Apr, 2021 to 07th March, 2022," Income Tax depart...
- CBDT issues refunds of Rs 1.37 lakh crore to 1.27 crore taxpayersIncome tax refunds of Rs 46,438crore have been issued in 1,25,34,644 cases & corporate tax refunds of Rs 90,340 crore have been issued in 2...
- CBDT issues refunds of Rs 1.12 lakh crore to 91.30 lakh taxpayers"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...
- Income tax refunds of Rs over 1 lakh crore issued during this fiscal: CBDTThis figure includes income tax refunds of Rs 27,965 crore in 76,21,956 cases and corporate tax refunds of Rs 74,987 crore in 1,70,424 case...
- CBDT issues refunds of Rs 92,961 cr to 63.23 lakh taxpayers"CBDT issues refunds of over Rs 92,961 crore to more than 63.23 lakh taxpayers from April 1, 2021 to October 18, 2021. Income tax refunds o...
- Income tax refunds of Rs 80,086 cr issued during this fiscal: CBDTThis figure includes income tax refunds of Rs 19,699 crore in 47,53,254 cases and corporate tax refunds of Rs 60,387 crore in 1,63,021 case...
- I-T refunds worth over Rs 1.25 lakh crore issued in FY21 to 38.23 lakh taxpayers till October 20"CBDT issues refunds of over Rs. 1,25,470 crore to more than 38.23 lakh taxpayers between 1st April, 2020 to 20th October, 2020. Income tax...
- I-T refunds worth Rs 1.18 lakh cr issued to 33.54 lakh taxpayers till September 29"CBDT issues refunds of over Rs 1,18,324 crore to more than 33.54 lakh taxpayers between 1st April, 2020 to 29th September,2020. Income tax...
- Tax refunds worth over Rs 1.06 lakh cr issued to 30.92 lakh taxpayers till Sep 15: CBDTThis includes personal income tax (PIT) refunds amounting to Rs 31,741 crore issued to 29.17 lakh taxpayers and corporate tax refunds worth...
- I-T Dept issues refunds worth Rs 1.01 lakh cr to 27.55 lakh taxpayers till Sep 8The Income Tax Department on Wednesday said it has issued refunds of over Rs 1.01 lakh crore to 27.55 lakh taxpayers between April 1 to Sep...
- CBDT issues refunds worth Rs 98,625 crore till September 1, 2020The refunds have been issued since April 1, 2020 when the government took the decision to issue pending income tax refunds at the earliest.
- Income Tax dept refunds Rs 5,204 crore to over 8 lakh MSMEs in last 10 days: CBDTThe tax department said it has till date issued nearly 14 lakh refunds up to Rs 5 lakh each in order to help taxpayers in Covid-19 pandemic...
- Issue up to Rs 5,000 refunds fast and quick: CBDT to I-T deptIt added that latest data with the CBDT suggests there are "large number" of non-scrutiny cases pending refunds upto Rs 5,000, for Assessme...
- CBDT lists norms for faster refund in pending tax demand casesThe CBDT has issued guidelines for expeditious tax refund of up to Rs 5,000 in cases where the department wants to adjust the refund with a...
- Issue swift I-T refunds if arrears below Rs 5,000: CBDTIn a taxpayer friendly move, the government has directed Income Tax officials to issue refunds in cases where outstanding arrears are up to...
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