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CBDT TAX REFUND
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 cr issued so far this fiscalThe income tax department on Wednesday said it has issued refunds worth over Rs 1.83 lakh crore to more than 2.09 crore taxpayers so far th...
Income Tax refunds worth Rs 1.62 lakh crore issued so far this fiscal"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 depart...
CBDT issues Rs 1,50,407 crore refund from Apr 1, 2021 to Jan 3, 2022: How to check income tax refund statusThe income tax refund is processed by State Bank of India (SBI) and is directly credited to the bank account nominated by the taxpayer in h...
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...
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...
Can’t adjust entire refund against outstandings, rules HC in relief for taxpayersThis order comes as a relief, especially for India Inc and high net worth individuals where the amounts at stake are significant. If refund...
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...
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...
Central Board of Direct Taxes issues Rs 71,000 cr tax refundsThe Central Board of Direct Taxes (CBDT) has issued refunds worth Rs 71,229 crore in more than 21.24 lakh cases till July 11, 2020. The ref...
I-T refunds worth Rs 71,229 crore issued to 21.24 lakh taxpayers during April 8-July 11The government has laid great emphasis on providing tax related services to the taxpayers without any hassles and is aware that during thes...
CBDT says it's mails to 1.72 lakh assesses to settle refund against outstanding tax cannot be misconstrued as harassmentSince April 8, the CBDT has been fast-tracking refund payments to help taxpayers in the COVID-19 pandemic situation and has till date issue...
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...
Income Tax department processes 10.2 lakh refunds totalling Rs 4,250 crore in a weekThese refunds are over and above the 2.50 crore refunds totalling Rs 1.84 lakh crore that have been issued for FY20 till March 31.
NRIs need not give account details if seeking no refund: CBDT"It (providing details of foreign bank accounts) is not mandatory. It is optional. It is for cases where refund is sought," CBDT Chairman s...
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...