I-t Refund

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  Making Exaggerated Claims To Get Refunds Punishable Offence: Tax Department

  The I-T Department has asked income tax return filers to not make bogus claims for expenses, under-report their earnings or exaggerate deductions as this is a punishable offence and causes a delay in issuance of refunds.

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  Income Tax Return (ITR) Refund Status: Here’s How To Check It Online

  Taxpayers may claim any excess payment of tax by submitting an income tax return (ITR) to the Income Tax (I-T) Department. Those who submitted income tax returns (ITRs) for FY 202122 have now either received or are expecting their ITR refunds since the deadline for ITRs for AY 202223 has passed.

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  TDS Refund Scam: CBI Registers Case Against 3 I-T Officials For Duping Department Of Crores

  According to the department, the scam came to light when an assessing officer noticed the computation of refunds for assesses under section 154 of the I-T Act.

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  Rs 2.24 Lakh Crore I-T Refunds Issued In FY22: Finance Ministry

  The finance ministry on Friday said over 22 per cent of the verified returns were processed on the same day, while the overall average processing time was only 26 days for ITR assessments in the last fiscal year.

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  Income Tax Refund: Here’s How You Can Check The Refund Status Online

  If a taxpayers taxes have been paid in excess of their tax liability, they are entitled to a refund.

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  Income Tax Returns (ITR): All You Need To Know In 10 Points

  Income tax returns (ITR) filing is a must for everyone, even if your tax liability is zero and your income is well below the taxable limit provided by the government. There was no change to the tax structure in the latest Union Budget, carrying forward from last year the rates and the income tax slab limits.

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  Income Tax Refunds of Nearly 2 Lakh Crore Paid This Year

  Over 1.9 lakh crore refunds have been issued to more than 2.24 crore taxpayers so far in this fiscal year, said the Income Tax department on Wednesday.

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  Over Rs 1.86 Lakh Crore Refunded For This Fiscal So Far, Says I-T Department

  The income tax department on Thursday said it has issued refunds worth over Rs 1.86 lakh crore to more than 2.14 crore taxpayers so far this fiscal.

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  Income Tax Department To Refund Late Fees Amount, Excess Interest To Taxpayers

  The Income Tax Department has said that it will refund all late fees amount and excess interest paid by taxpayers while filing returns for 2020-21.

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  Excess Interest, Late Fee Paid While Filing ITR For 2020-21 To Be Refunded

  The Income Tax Department on Wednesday said it will refund the excess interest and late fee paid by taxpayers due to software error while filing ITR for 2020-21.

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  Deadline For Filing TDS Returns Is June 30: Check Important Dates Here

  Income Tax Deadline: As per the new timelines, the TDS/TCS book adjustment statement can be furnished on or before June 30, 2021, according to the Central Board Of Direct Taxes

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  New Income Tax E-filing Portal To Be Launched For Taxpayers On June 7

  Income Tax E-filing portal: The new website is said to have user-friendly features which will make the income tax e-filing process easier and hassle-free for taxpayers.

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  Rs 1.45 Lakh Crore In I-T Refunds Issued to 89 Lakh Taxpayers

  This includes personal income tax refunds during this period

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  Rs 62,361 Crore Refunds Issued To Over 20 Lakh Taxpayers Amid COVID-19 Pandemic: Finance Ministry

  Income tax refunds amounting to Rs 23,453.57 crore have been issued in 19,07,853 cases to taxpayers

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  All Pending Income Tax Refunds Up To Rs 5 Lakh To Be Released Immediately

  In a measure that is expected to provide relief to around 14 lakh taxpayers amid the Covid 19 (coronavirus) outbreak and resultant lockdown in the country, the government on Wednesday decided to release all pending income tax refunds up to Rs 5 lakh immediately. An individual is liable to get income tax refunds when the tax deducted from income in...