Tuesday June 23, 2015
In a step that would bring delight to taxpayers, the Income Tax Department has put in motion a new plan which will ensure that any refund on tax paid is safely deposited in their personal bank accounts as soon as it is processed and released.
Sunday May 17, 2015
Here is a sample of refund status messages for the delay in your refund and the steps you should take to get your refund processed:
Press Trust of India | Wednesday March 25, 2015
The officer said the CPC, through its field offices and other communication channels, is trying to gather correct details of the legitimate recipients of these refunds which are estimated to hold "lakhs of rupees, if not crores."
Tuesday February 17, 2015
Currently, there is a big disparity in the interest rates.
Friday March 21, 2014
The Income Tax Department on Friday conducted a 'survey' at different offices of Sesa Sterlite, the main operating company of London-listed Vedanta Resources, in connection with a tax refund of about Rs 1,500 crore claimed by the company, according to sources.
Tuesday February 11, 2014
The fresh copies of ITR-V, by such category of taxpayers, should be sent to the Central Processing Centre (CPC) of the I-T department in Bangalore only by "speed post".
Tuesday July 30, 2013
The government has set up the tax ombudsman to address grievances and to provide tax payers a platform to put forth their issues.
Friday February 22, 2013
Once all the formalities are completed, we think only a little about tax refunds. Tax refunds are something only few of us get while most of us don't. So, it's essential to learn well about tax refunds.
Thursday December 20, 2012
The Refund Banker Scheme, which was introduced by the Income Tax Department in January 2007, can be used by taxpayers all over the country to view the exact status of their refunds online.
Friday June 22, 2012
Giving relief to taxpayers, the Income Tax Department has asked its officials to take action to refund excess tax even if such applications are hit by limitation period of four years.
Wednesday March 21, 2012
Within hours of SC dismissing the review petition, government refunded about Rs 2,500 crore plus 4% interest
India News | Stephanie Strom, The New York Times | Wednesday March 7, 2012
The cost of claiming a legitimate income tax refund in Hyderabad, India? 10,000 rupees. The going rate to get a child who has already passed the entrance requirements into high school in Nairobi, Kenya? 20,000 shillings.
Mumbai News | Devendra T Goregaonkar, DNA | Saturday December 18, 2010
The Economic Offence Wing (EOW) arrested a class-II officer from the Income-Tax department with three others for an alleged scam of I-T refund orders. The scam amounting to more than Rs1.89 crore took place between 2007 and 2009 with the help of 250 refund orders issued in the name of fake tax payers.Police said the arrested officer, Prayag Sakhara...
Cities | Indo-Asian News Service | Monday January 25, 2010
All high value income tax refunds will go through intensive checks and its software system will be revamped, after its account was hacked and Rs 11 crore was siphoned off.
Cities | Indo-Asian News Service | Friday December 18, 2009
There were 38.17 lakh claimants for income tax refund as on April 1 this year, a minister said on Friday.