Articles for Income Tax Refund

This is essential to get income tax refund: Bank account revalidation
6 months, 2 weeks ago

This is essential to get income tax refund: Bank account revalidation

Hindustan Times  

Income tax payers must revalidate their bank account on the income tax e-filing site for receiving refunds, according to a post of the Income Tax Department on X. Revalidating bank accounts are now a necessity for getting income tax refunds Revalidation is to be done when bank account data is updated due to branch changes, IFSC changes, or bank mergers, …

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Budget 2024: Taxpayers can expect this announcement on February 1
10 months, 3 weeks ago

Budget 2024: Taxpayers can expect this announcement on February 1

India Today  

The Interim Budget 2024-25 will be presented by Finance Minister Nirmala Sitharaman on February 1 and experts indicate that major tax changes are unlikely. On interest on income tax refund, he said the AIS captures income tax refunds along with associated interest, there is room for improvement. However, in case the interest from income tax refund is not subject to …

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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 …

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Income Tax Refund: How to claim, check online status and more
1 year, 3 months ago

Income Tax Refund: How to claim, check online status and more

Live Mint  

The last date for filing income tax returns was July 31, 2023, though taxpayers can still file belated ITR forms, albeit at an added cost. An income tax refund pertains to the reimbursement of surplus tax payments that have exceeded the taxpayer’s actual tax liability. To successfully obtain an income tax refund, the taxpayer must undergo the process of filing …

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Still not received your Income Tax Refund? Here's what you should do now
2 years, 3 months ago

Still not received your Income Tax Refund? Here's what you should do now

Firstpost  

You won’t receive a refund until your ITR has been processed and verified. You can check your refund status online to know the progress The deadline to file the income tax return for Assessment Year 2022–23 or Financial Year 2021–22 was 31 July 2022. Steps to check refund status via income tax e-filing website: Visit the tax e-filing site Log …

Tax Income Status Pan Itr Refund Refund Status
Income Tax Refund: Filed I-T Return? Quick Step-by-step Guide to Check Tax Refund Status
3 years, 2 months ago

Income Tax Refund: Filed I-T Return? Quick Step-by-step Guide to Check Tax Refund Status

News 18  

Are you eligible for an income tax refund? Once the tax department processes your ITR and confirms via an intimation notice, you will receive this income tax refund. The State Bank of India processes the income tax refund, and the amount is directly credited to the bank account, which the taxpayer has nominated at the time of filing his/her ITR. …

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Received income tax refund without interest? You might be missing this eligibility
3 years, 6 months ago

Received income tax refund without interest? You might be missing this eligibility

Live Mint  

If a taxpayer receives income tax refund without interest, then the taxpayer is advised to first check about the income tax refund amount and the actual income tax outgo. If the income tax refund amount is more than 10 per cent, then only one should lodge complaint about the non-payment of the income tax refund interest. Speaking on the income …

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ITR Refund: How to check your Income Tax Refund status
3 years, 7 months ago

ITR Refund: How to check your Income Tax Refund status

India Today  

The Income Tax Department recently announced that it has issued refunds of over Rs. An income tax refund is due to a taxpayer if he has paid taxes higher when compared to his actual tax liability. There are two ways one can track their income tax refund status. On the income tax e-filing website On the TIN NSDL website How …

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Here is How to Check Income Tax Refund Status at incometaxindiaefiling.gov.in
3 years, 11 months ago

Here is How to Check Income Tax Refund Status at incometaxindiaefiling.gov.in

News 18  

Income tax return is filed for claiming any excess amount that was deducted as tax in a financial year. Tax is levied on people whose annual income exceeds Rs 5 lakh after claiming eligible deductions and tax exemptions. If they file income tax refund after the due date, they will be levied Rs 1,000 as penalty. Those who have filed …

Tax Income Status Itr Tin Refund Rs 5 Lakh
Income Tax Refund: How to check ITR refund status for FY 2019-20
4 years, 1 month ago

Income Tax Refund: How to check ITR refund status for FY 2019-20

India Today  

The government has extended the deadline to file Income-Tax Returns for the financial year 2019-20 by another month. An income tax refund is due to a taxpayer if he has paid taxes higher when compared to his actual tax liability. There are two ways one can track their income tax refund status. These are as follows: On the income tax …

Tax Income Status Itr Return Refund Nsdl