Income tax refunds: 20 lakh taxpayers got over ₹62,000 crore this financial year
4 years, 6 months ago

Income tax refunds: 20 lakh taxpayers got over ₹62,000 crore this financial year

Live Mint  

Expediting the process of issuing income tax refunds during the coronavirus pandemic, the income tax department issued tax refunds at the speed of 76 cases per minute from 8th April to 30th June. "During this period of just 56 weekdays, the Central Board of Direct taxes has issued refunds in more than 20.44 lakh cases amounting to more than ₹62,361 crore," the finance ministry said in a release today. Income tax refunds amounting to ₹23,453.57 crore have been issued in 19,07,853 cases to taxpayers and corporate tax refunds amounting to ₹38,908.37 crore have been issued in 1,36,744 cases to taxpayers during this period. In some cases, the income tax department has sent emails to taxpayers asking them to confirm their outstanding tax demand, their bank account number and reconciliation of defect/mismatch prior to issue of refund.

Cases Tax Refunds Issued Income Tax Refunds Lakh Taxpayers  amounting  bank  issued  cases  lakh  taxpayers  financial  crore  62000  department  20  tax  refunds  income

History of this topic

India’s net direct tax collection swells 16% to ₹16.90 trillion so far in FY25
Trending News
1 day, 11 hours ago

India’s net direct tax collection swells 16% to ₹16.90 trillion so far in FY25

Live Mint  

New Delhi: Strong growth in tax collection from both personal and corporate income helped the Central government to collect ₹16.9 trillion in direct tax revenue so far this financial year after adjusting for tax refunds, official data showed on Monday. The net direct tax collection growth of 15.9% so far this year exceeds the 12.8% growth rate that finance minister …

Net direct tax receipts grows 16.45% to ₹15.82 lakh crore till mid-December
3 weeks, 6 days ago

Net direct tax receipts grows 16.45% to ₹15.82 lakh crore till mid-December

Live Mint  

The Centre’s direct tax collection from corporations and individuals after adjusting for tax refunds has reached ₹15.8 trillion so far this year, jumping 16.45% over the previous year and outpacing the budget estimate. While non-corporate tax collection from individuals and other entities like partnerships and local authorities, after adjusting for refunds, recorded a 22% jump so far this year to …

Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry
1 month ago

Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry

Live Mint  

The Ministry of Finance on Thursday, December 12, announced that the issuance of tax refunds had increased 46.31 per cent during the period of April 1 to November 27 in the financial year 2024-25, compared to the same period in 2023-24, reported the news agency ANI. At its peak, the income tax return portal handled over 900 filings in a …

UP collects ₹1.35 lakh crore tax revenue in 8 months
1 month, 1 week ago

UP collects ₹1.35 lakh crore tax revenue in 8 months

Hindustan Times  

[email protected] For representation only Uttar Pradesh government on Wednesday claimed it has collected a tax revenue of ₹135058.47 crore in the first eight months of 2024-2025. It collected ₹7579.74 crore from transport, ₹2226.81 crore from energy and ₹279.54 crore from land revenue “Our revenue collections are going up and the state’s financial situation is witnessing marked improvement consistently. The state …

Centre’s net direct-tax revenue grows 15.4% to ₹12.1 trillion in April-Nov
2 months ago

Centre’s net direct-tax revenue grows 15.4% to ₹12.1 trillion in April-Nov

Live Mint  

New Delhi: The union government’s direct-tax collection has grown by 15.41%, after tax refunds, to ₹12.1 trillion so far this financial year, the Central Board of Direct Taxes said on Monday. Securities transaction tax contributed ₹35,923 crore so far this financial year, 90% more than the ₹18,909 crore collected in the same period a year ago, CBDT data showed. So …

Income Tax Deadline: Last one week left to file tax return for THESE taxpayers. Check details
2 months ago

Income Tax Deadline: Last one week left to file tax return for THESE taxpayers. Check details

Live Mint  

Taxpayers who are meant to get their accounts audited have only one week left to file their income tax return for AY 2024-25. The last date to file income tax return for these taxpayers is November 15. The income tax department recently issued a statement that says that it's the last week left for taxpayers whose accounts are audited or …

India's Tax Filers Surge Fivefold, With 52% of Salaried Individuals Reporting Income Over Rs 1 Crore
2 months, 3 weeks ago

India's Tax Filers Surge Fivefold, With 52% of Salaried Individuals Reporting Income Over Rs 1 Crore

ABP News  

India's tax filers have seen a significant surge in recent years, with the number of individuals reporting taxable incomes exceeding Rs 1 crore surging fivefold in the assessment year 2023-24. This growth has been driven by both an increase in the total number of taxpayers and an increase in the number of individuals with taxable incomes exceeding Rs 1 crore.

Tax department made Rs 1.57 lakh crore refunds so far, says official
4 months, 3 weeks ago

Tax department made Rs 1.57 lakh crore refunds so far, says official

New Indian Express  

The Income Tax Department of the Ministry of Finance has processed refunds worth Rs 1.57 lakh crore so far, according to a top Government official. "Those who have not yet received their tax refunds need to check if they have got any notification from the tax department. Revenue Secretary Sanjay Malhotra on Wednesday shared that close to 4 crore Income …

Net direct tax collection rises 22% so far this fiscal
5 months ago

Net direct tax collection rises 22% so far this fiscal

Live Mint  

New Delhi: The central government’s direct tax collection has risen 22.48% so far this fiscal. Personal tax collection jumped 30% year-on-year to ₹4.47 trillion, while corporate taxes have risen 6% to ₹2.22 trillion. For FY25, the government targets a corporate tax mop-up of ₹10.2 trillion and personal income tax collection of ₹11.87 trillion. The total direct tax collection before adjusting …

Tax defaults in India skyrocket by 1000% over last 10 years, litigations double: Report
5 months, 1 week ago

Tax defaults in India skyrocket by 1000% over last 10 years, litigations double: Report

Hindustan Times  

Tax defaults in India have skyrocketed by 1000% in the last ten years and litigation associated with it has also consequently risen, according to a Moneycontrol report, which cited data compiled from various Union Budgets. Tax defaults in India skyrocketed by 1000% in the last ten years and associated litigation has also consequently risen How much tax default did India …

Corporate tax cut enriched billionaires by Rs 2 lakh crore; middle-class hit by heavy taxes: Congress
6 months ago

Corporate tax cut enriched billionaires by Rs 2 lakh crore; middle-class hit by heavy taxes: Congress

New Indian Express  

NEW DELHI: With the personal income tax collections exceeding the corporate tax collections, the Congress alleged on Sunday that the corporate tax cut has put over Rs 2 lakh crore in the "pockets of billionaires," while the middle class continues to bear the weight of heavy taxation. The opposition party's attack on the government came a day after data released …

Delhi man ends up paying ₹50,000 to CA over income tax dispute of 1 rupee: ‘Not joking’
6 months ago

Delhi man ends up paying ₹50,000 to CA over income tax dispute of 1 rupee: ‘Not joking’

Hindustan Times  

A Delhi man claims he paid ₹50,000 to a chartered accountant after receiving an Income Tax notice. In a discussion where several people rued the complexity of filing taxes, he revealed: “Paid 50000/- fee to CA for a IT notice I received recently wherein the final disputed value turned out to be Re 1/-.” “I am not joking,” Jain added …

India's Direct Tax Collections Surge
8 months, 3 weeks ago

India's Direct Tax Collections Surge

Deccan Chronicle  

New Delhi: Reflecting buoyancy in the economy and rise in income levels of both individuals and corporates, India's net direct tax mop-up has surged by 17.7 per cent year-on-year to Rs 19.58 crore after accounting for refunds in the fiscal year ended March 2024. At the same time, the gross direct tax collections for the FY24 rose 18.48 per cent …

Govt’s FY24 tax collection target broadly met on back of robust economic activity: Report
9 months, 1 week ago

Govt’s FY24 tax collection target broadly met on back of robust economic activity: Report

Live Mint  

The central government’s tax collection target of over ₹34.37 lakh crore for fiscal year 2023-24 has been broadly met on the back of robust economic activity and improved compliance, according to a report by PTI. The net direct tax collection grew 19.88 per cent to over ₹18.90 lakh crore till March 17 on higher advance tax mop-up. Advance tax collections …

India's Net Direct Tax Collections Rise 20 Per Cent to Rs 18.9 Lakh Crore
9 months, 3 weeks ago

India's Net Direct Tax Collections Rise 20 Per Cent to Rs 18.9 Lakh Crore

ABP News  

The direct tax collection of the Centre after adjusting for refunds has grown 19.88 per cent annually to Rs 18.9 lakh crore in FY2023-24, compared to the corresponding period of the preceding Financial Year, where collections amounted to Rs 15.7 lakh crore. This substantial rise in net collections primarily comprises Corporation Tax at Rs 9.1 lakh crore and Personal Income …

Income tax refunds: Taxpayers to get pending refunds for FY2020-21 by April 30. Check your email
10 months ago

Income tax refunds: Taxpayers to get pending refunds for FY2020-21 by April 30. Check your email

Hindustan Times  

Income Tax: The Income Tax Department said that taxpayers who are still waiting for their tax refunds of FY2020-21 will get their payments by April 30. Income tax refunds: The Income-Tax department issues an intimation notice under Section 143 of Income-tax Act, 1961. Following a return request at the Centralised Processing Centre by a taxpayer within a specified period, the …

Income Tax: Small outstanding tax demands remitted. How to check your status?
10 months, 3 weeks ago

Income Tax: Small outstanding tax demands remitted. How to check your status?

Live Mint  

The income tax department has announced that eligible outstanding direct tax demands have been remitted and extinguished. Withdraw tax demands It is worth remembering that the government proposed to withdraw outstanding direct tax demands dating to years and decades ago. There were some old disputed tax demands — dating back to 1962 — causing anxiety to the honest tax payers. …

Net direct tax collection stands at Rs 15.60 lakh crore Y-o-Y growth of 20%
11 months ago

Net direct tax collection stands at Rs 15.60 lakh crore Y-o-Y growth of 20%

India TV News  

New Delhi: Net direct tax collection in the current fiscal year has witnessed a growth of 20 per cent year-on-year to Rs 15.60 lakh crore. Direct tax collections up to 10th February 2024 show that gross collections are at Rs 18.38 lakh crore, which is 17.30 per cent higher than the gross collections for the corresponding period of last year," …

Robust revenues: On direct tax collection target and fiscal consolidation
1 year ago

Robust revenues: On direct tax collection target and fiscal consolidation

The Hindu  

With little under a quarter left in the financial year 2023-24, the government has met nearly 81% of its direct tax collection target. Economists believe the exchequer’s net direct tax kitty will end up surpassing the Budget estimate of ₹17.2 lakh crore by about a lakh crore if not more, with the full-year growth settling at around 18%. Within direct …

Direct tax collections cross 80% of 2023-24 target
1 year ago

Direct tax collections cross 80% of 2023-24 target

The Hindu  

India’s net direct tax collections touched ₹14.7 lakh crore by January 10, meeting over four-fifths of this year’s target and reflecting a growth of 19.4% over the same period of 2022-23. The Central Board of Direct Taxes on Thursday said that provisional direct tax collections continue to register ‘steady growth’ with gross collections rising 16.77% to ₹17.18 lakh crore, led …

Individuals, firms find wait for tax refunds is shorter: Survey
1 year, 1 month ago

Individuals, firms find wait for tax refunds is shorter: Survey

Live Mint  

New Delhi: Most of the individuals and firms find it convenient to claim income tax refunds and face shorter waiting periods for receiving the same, showed a private survey of over 3,500 respondents. The survey results presented to finance minister Nirmala Sitharaman on Wednesday showed that 87% of the individual respondents and 89% of the firms felt claiming income tax …

GST Evasion: Government expecting ₹50,000 crore mop-up on recovery of dues
1 year, 2 months ago

GST Evasion: Government expecting ₹50,000 crore mop-up on recovery of dues

Live Mint  

The Indian government is expected to recover ₹50,000 crore in evaded Goods and Services Tax in FY24, Business Standard reported. A substantial portion of this recovery is expected to come from incorrect claims of input tax credit by insurance companies, GST payments on expatriate services under the reverse charge mechanism, illicit clearances of tobacco products, and property transactions, the report …

Direct tax collections reach ₹11.07 lakh crore, up 18% YoY
1 year, 3 months ago

Direct tax collections reach ₹11.07 lakh crore, up 18% YoY

Hindustan Times  

A total of ₹11.07 lakh crore worth of direct taxes have been collected so far in the current financial year 2023-24, representing a 17.95 per cent increase on a yearly basis, Central Board of Direct Taxes Chairman Nitin Gupta said on Tuesday. Direct tax collection, net of refunds, stood at ₹9.57 lakh crore which is 21.82 per cent higher than …

I-T dept. asks taxpayers to respond to intimation of past tax demands for faster refund processing
1 year, 3 months ago

I-T dept. asks taxpayers to respond to intimation of past tax demands for faster refund processing

The Hindu  

The Income Tax department on Saturday asked taxpayers to respond to its intimation regarding outstanding demands of previous years to facilitate faster clearance of refunds for the 2022-23 fiscal. With some taxpayers taking to social media about receiving intimation from the I-T Department regarding past unsettled tax demands, the department, in a post on ‘X’ said, this is a taxpayer-friendly …

CBDT processed 88 per cent ITR, refunds over Rs 2.45 crore issued till September 5
1 year, 4 months ago

CBDT processed 88 per cent ITR, refunds over Rs 2.45 crore issued till September 5

Firstpost  

“More than 6 crore ITRs of AY 2023-24 have been processed out of the verified ITRs as on September 5, resulting in processing of over 88% of the verified ITRs” CBDT said in a statement. The Income Tax Department has processed refunds of over Rs 2.45 crore for 6.84 crore verified Income tax returns, bringing down the average processing time …

Direct tax collection grows 17% to ₹5.84 tn
1 year, 5 months ago

Direct tax collection grows 17% to ₹5.84 tn

Live Mint  

The central government has collected ₹5.84 trillion in net direct tax revenues as of 10 August, marking a significant 17% improvement over a year-ago, according to an official statement. This accounts for about one third of the ₹18.2 trillion direct tax collection target of the government for FY24. The Central Board of Direct Taxes said in a statement quoting provisional …

Direct tax collections rise 16% to ₹6.53 lakh crore so far this fiscal
1 year, 5 months ago

Direct tax collections rise 16% to ₹6.53 lakh crore so far this fiscal

Hindustan Times  

Net direct tax collections swelled 17.33 per cent to ₹5.84 lakh crore so far this fiscal, reaching 32 per cent of the full-year budget estimates. On a gross basis, direct tax collection grew 15.73 per cent to ₹6.53 lakh crore till August 10 in the current fiscal. Net direct tax collection, after adjusting refunds, stands at ₹5.84 lakh crore, which …

File ITR at earliest as govt not contemplating extension of July 31 deadline: Revenue secretary
1 year, 5 months ago

File ITR at earliest as govt not contemplating extension of July 31 deadline: Revenue secretary

India TV News  

As the finance ministry is not contemplating an extension of the July 31 deadline, Revenue Secretary Sanjay Malhotra has urged the income taxpayers to file their returns at the earliest. About 5.83 crore income tax returns were filed as on July 31 last year, the last day for filing returns for assessment year 2022-23. As per the Budget 2023-24, the …

Tax Cases Weekly Round-Up: 4 June To 10 June, 2023
1 year, 7 months ago

Tax Cases Weekly Round-Up: 4 June To 10 June, 2023

Live Law  

Delhi High CourtDelhi High Court Directs Dept. To Reconsider Travelport UK’s Refund AdjustmentCase Title: Travelport International Operations Limited United Kingdom Versus Commissioner Of Income Tax International Taxation 3 N.Delhi & Ors.Citation: 2023 LiveLaw 506The Delhi High Court has directed the department to reconsider Travelport UK’s refund adjustment on the basis of. Rajasthan High Court ‘Pizza’ And ‘Sandwiches’ Are ‘Cooked Foods’: …

CBDT Notifies New Monetary Limits For Condonation Of Delay In Filing Refund Claim And Claim Of Carry Forward Of Losses
1 year, 7 months ago

CBDT Notifies New Monetary Limits For Condonation Of Delay In Filing Refund Claim And Claim Of Carry Forward Of Losses

Live Law  

The Central Board of Direct Taxes has issued new monetary limits in respect of condonation of delay in filing refund claim and claim of carry forward of losses under Section 119 of the Income-tax Act, 1961.The Principal Commissioners of Income-tax/Commissioners of Income-tax shall be vested with the powers of acceptance/rejection of applications/claims if the. The Central Board of Direct Taxes …

Direct tax receipts after refunds in FY23 grow 18%
1 year, 9 months ago

Direct tax receipts after refunds in FY23 grow 18%

Live Mint  

New Delhi: The government collected ₹16.61 trillion in direct taxes after refunds in FY23, a 17.6% improvement over takings in the preceding year, the Central Board of Direct Taxes said on Monday, quoting provisional figures. Gross direct tax collections for FY23 before adjusting for tax refunds stood at ₹19.68 trillion, a growth of 20.33%, CBDT said. Gross collections of direct …

Income-tax collections grow 20% in one year, nears ₹20 lakh crore mark
1 year, 9 months ago

Income-tax collections grow 20% in one year, nears ₹20 lakh crore mark

Hindustan Times  

NEW DELHI: The Union finance ministry on Monday reported over 20% year-on-year jump in gross direct tax revenue at ₹19.68 lakh crore for the financial year ending March 31, 2023, days after it declared about 22% annualised growth in Goods and Services Tax collections at ₹18.1 lakh crore, reflecting sustained growth in economic activities, better tax administration and ease of …

Net direct tax collection rises 16.8%, reaches closer to Budget target for 2022-23
1 year, 10 months ago

Net direct tax collection rises 16.8%, reaches closer to Budget target for 2022-23

The Hindu  

India’s net direct tax kitty had risen 16.8% to touch ₹13.73 lakh crore by Friday, reflecting a slight dip in growth over the past month but reaching within striking distance of the Budget target for this year, with three weeks still to go. The uptick in net Personal Income Tax collections continued to outstrip Corporate Income Tax flows, rising 20.73% …

India's net direct tax collections up 17% to Rs 13.73 lakh crore till March 10
1 year, 10 months ago

India's net direct tax collections up 17% to Rs 13.73 lakh crore till March 10

India Today  

The net direct tax collection for the fiscal year 2022-23 has so far grown by 17 per cent to reach Rs 13.73 lakh crore, which is 83 per cent of the revised target for the full financial year. The gross collections are 22.58 per cent higher than the gross collections for the corresponding period of last year, the Central Board …

Direct Tax Collection Jumps 24% to Rs 8.7 Lakh Crore During April-November; Hits 62% of FY23 BE
2 years, 1 month ago

Direct Tax Collection Jumps 24% to Rs 8.7 Lakh Crore During April-November; Hits 62% of FY23 BE

News 18  

Showing a steady growth, net direct tax collections in India jumped 24.26 per cent year-on-year to Rs 8.77 lakh crore till November 11 in the current financial year 2022-23. Steady growth in Direct Tax collections!Net collection in FY 2022-23 is 24.26% higher than the net collection for the corresponding period of the preceding year.61.79% of Budget Estimates for FY 2022-23 …

Govt is nudging tax evaders to file updated returns: Tarun Bajaj
2 years, 1 month ago

Govt is nudging tax evaders to file updated returns: Tarun Bajaj

Live Mint  

The Union government has managed to increase revenue by encouraging taxpayers to file updated tax returns where the income tax department has intelligence about unreported income, revenue secretary Tarun Bajaj said, adding efforts to widen India’s tax base will continue. In an interview, Bajaj said that given the comparatively low tax-to-GDP ratio in India, the tax base has to continue …

Direct tax revenues up 16.3% at ₹7.45 lakh crore
2 years, 3 months ago

Direct tax revenues up 16.3% at ₹7.45 lakh crore

The Hindu  

India’s net Direct tax collections in 2022-23 have risen to ₹7.45 lakh crore, more than half this year’s Budget targets by October 8, rising 16.3% over the tax inflows during the same period a year ago, the Finance Ministry said on October 9, 2022. Underlining that Direct Tax collections continue to register steady growth, the ministry said that tax refunds …

Direct tax collection rises by 30% to Rs 8.36 lakh crore
2 years, 3 months ago

Direct tax collection rises by 30% to Rs 8.36 lakh crore

Deccan Chronicle  

NEW DELHI: Gross direct tax collections grew 30 per cent to Rs 8.36 lakh crore till September 17 of current fiscal year on higher advance tax mop-up buoyed by the economic revival post pandemic, the finance ministry said on Sunday. After adjusting for refunds amounting to Rs 1.35 lakh crore, net direct tax kitty grew 23 per cent to Rs …

Income Tax Dept. Can't Withhold Refunds In Mechanical And Routine Manner: Delhi High Court
2 years, 5 months ago

Income Tax Dept. Can't Withhold Refunds In Mechanical And Routine Manner: Delhi High Court

Live Law  

The Delhi High Court has held that an order under Section 241A of the Income Tax Act cannot be passed in a mechanical and routine manner. The refunds cannot be withheld just because the notice under Section 143 has been issued and the department wants to verify the claim for deduction under Section 10AA of the Income Tax Act. Accordingly, …

No Limitation Applicable For Refund Amount Lying With Dept. Having The Nature Of Revenue Deposit: CESTAT
2 years, 7 months ago

No Limitation Applicable For Refund Amount Lying With Dept. Having The Nature Of Revenue Deposit: CESTAT

Live Law  

The Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal consisting of Anil Choudhary has ruled that the limitation applicable for refund amount lies with the department having the nature of revenue deposit. As per section 102 of the Finance Act, 1994, no service tax can be levied or collected for the period commencing from the 1st day …

Monthly Digest Of Tax Cases- April 2022
2 years, 8 months ago

Monthly Digest Of Tax Cases- April 2022

Live Law  

Indirect Taxes Supreme Court 1.Plea In Supreme Court Challenges The Constitutional Validity Of Levy Of GST On Lease/ Rent Payments Case Title: Myrayash Hotels Pvt. 2.Show Cause Notice Completely Deficient In Material Particulars: Delhi High Court Quashes GST Registration Cancellation Order Case Title: Fada Trading Private Limited Versus Commissioner Goods and Service Tax Citation: 2022 LiveLaw 328 The Delhi High …

Direct Tax Collection Up By 49% In FY22, Says CBDT Chief On Economy Bouncing Back
2 years, 8 months ago

Direct Tax Collection Up By 49% In FY22, Says CBDT Chief On Economy Bouncing Back

ABP News  

New Delhi: In an indication that the economy has bounced back, the Central Board of Direct Taxes Chairman J B Mohapatra on Tuesday said the net direct tax collection has registered a whopping 49.02 per cent growth to record Rs 14.09 lakh crore in FY21-22. The net direct tax mop-up touched Rs 9.45 lakh crore in the previous financial year. …

When do you become eligible for an income tax refund?
2 years, 8 months ago

When do you become eligible for an income tax refund?

Live Mint  

A mismatch between the tax amount paid and the actual payable amount results in an income tax refund. Tax refunds are available under income tax and other direct tax legislation when the amount of tax paid by a person exceeds the amount on which he or she is legitimately taxable. The IT refund banker accepts orders for income tax refunds …

Weekly Digest Of Tax Cases: April 10 To April 17, 2022
2 years, 8 months ago

Weekly Digest Of Tax Cases: April 10 To April 17, 2022

Live Law  

High Court Delhi High Court Case Title: Commissioner of Income Tax Delhi versus Hamdard National Foundation Citation: 2022 LiveLaw 302 The Delhi High Court has upheld the factual findings made by the CIT and ITAT that the merit-cum scholarship/financial assistance provided by Hamdard National Foundation was not confined to students of a particular religious community, and therefore exemption under Section …

Ericsson India to Get Rs 349-crore Tax Refund After HC Directs I-T Dept
2 years, 9 months ago

Ericsson India to Get Rs 349-crore Tax Refund After HC Directs I-T Dept

News 18  

Providing relief to Ericsson India, the High Court of Delhi has directed the income tax department to release a refund of Rs 349 crore which is related to the assessment year 2018-19, according to a report. The court set aside an order by the income tax department to withhold the refund to the company under Section 241A of the Income …

Income tax alert: Taxpayers must complete this process now
2 years, 10 months ago

Income tax alert: Taxpayers must complete this process now

India Today  

The income tax department has issued a reminder to taxpayers. Failure to comply with the notice may result in Best Judgment assessment based on material on record," the tax department tweeted. — Income Tax India March 9, 2022 Central Board of Direct Taxes issued refunds of more than Rs. 1,83,579 crore to more than 2.09 crore taxpayers, Income Tax India …

Taxpayers must not miss this Income tax department's ITR alert
2 years, 10 months ago

Taxpayers must not miss this Income tax department's ITR alert

India Today  

The Income tax department has an important update for taxpayers who have filed income tax returns. Out of the total, income tax refunds of Rs 65,938 crore have been issued in 2,07,27,503 cases. Corporate tax refunds of Rs 1,17,641 crore have been issued in 2,30,566 cases, Income Tax India tweeted. 1,17,641 crore have been issued in 2,30,566 cases," Income Tax …

Over three crore income tax returns for FY21-22 filed: Ministry of Finance
3 years, 1 month ago

Over three crore income tax returns for FY21-22 filed: Ministry of Finance

Firstpost  

An official document said, all taxpayers who are yet to file their income tax returns for the assessment year 2021-22 are requested to file their returns at the earliest to avoid the last-minute rush New Delhi: The finance ministry on Sunday said over three crore income tax returns have been filed for the financial year 2020-21 so far and advised …

Income tax refunds of Rs 92,961 crore issued during this fiscal, says CBDT
3 years, 2 months ago

Income tax refunds of Rs 92,961 crore issued during this fiscal, says CBDT

Firstpost  

This figure includes income tax refunds of Rs 23,026 crore in 61,53,231 cases and corporate tax refunds of Rs 69,934 crore in 1,69,355 cases, an official Twitter post said Refunds amounting to more than Rs 92,961 crore have been issued to taxpayers during the current financial year, the CBDT said on Thursday. This figure includes income tax refunds of Rs …

CBDT Issues Rs 92,961 Cr Refunds to 63.23 Lakh Taxpayers
3 years, 2 months ago

CBDT Issues Rs 92,961 Cr Refunds to 63.23 Lakh Taxpayers

News 18  

The Income Tax Department has refunded more than Rs 92,961 crore to more than 63.23 lakh taxpayers till October 18 in the current financial year. “CBDT issues refunds of over Rs 92,961 crore to more than 63.23 lakh taxpayers from April 1, 2021 to October 18, 2021. This includes 32.49 lakh refunds of AY 2021-22 amounting to Rs 2,498.18 crore,” …

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