Articles for Tax Refund

Fury as low-income families loose tax refunds to tutors kids couldn't understand
1 week ago

Fury as low-income families loose tax refunds to tutors kids couldn't understand

Raw Story  

In March 2023, Abdijalil Sheik-Yusuf went before the Minnesota Senate Taxes Committee with a critical plea. The Dar Al-Farooq spokesperson also sent a recent article on Somali Media MN, however, promoting Success Tutoring, saying it would provide “valuable context for your story” including the “systemic challenges minority families face … accessing the education tax credit.” While the mosque claims it …

Success Kids English Tax Credit Refunds Families
Form 26B Under Income Tax Rules Not Required For Refund Once Form 5 Under 'Vivad Se Vishwas' Act Is Issued: Allahabad High Court
1 week, 2 days ago

Form 26B Under Income Tax Rules Not Required For Refund Once Form 5 Under 'Vivad Se Vishwas' Act Is Issued: Allahabad High Court

Live Law  

The Allahabad High Court has held that an assesse claiming refund of excess TDS is not required to fill Form 26B under the Income Tax Rules once Form 5 of the Vivad Se Vishwas Act, 2020 has been issued to them. Subsequently, petitioner withdrew the Income Tax Appeal and the respondent issued an order for final settlement of Tax under …

Tax Court Income Tax Income Act Form Refund
ITR Filing: Income tax department shortens time limit for condonation of delay – What it means for taxpayers
1 month ago

ITR Filing: Income tax department shortens time limit for condonation of delay – What it means for taxpayers

Live Mint  

The Income Tax Department has recently made important changes in its refund claim procedures which have led to the reduction of the period when taxpayers could claim old income tax refunds. The onus has shifted now to the taxpayers to keep all the required documents amidst the transactions in future and submit them before the tax authorities at the prescribed …

Income Claims Delay Five Years Submit Filing Itr
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, …

Income Account Click Refund Bank Tax Refund Bank Income Tax Refund Tax Refund
I-T department sets April 30 deadline for approving refunds: Report
8 months, 1 week ago

I-T department sets April 30 deadline for approving refunds: Report

Live Mint  

If you have not received your income tax refund so far, there is good news for you. The Income Tax Department has set April 30 as the deadline for approving pending refunds, reported Business Line The department has prepared an interim action plan for tax refunds in this fiscal and set a timeline for various actions related to taxpayers, sources …

Refunds Income Tds Pending Tax Refund Pending Refunds
How to maximise US tax refund in 2024?
10 months, 2 weeks ago

How to maximise US tax refund in 2024?

Hindustan Times  

How you file your tax returns could play a significant role in money matters. To handle your overdue taxes, read any tax notices you’ve received, set up a payment plan, contact a professional for complicated situations and remember to file a return for the current year. Ways to maximise US tax refund in 2024 Make sure everything is correct on …

Tax Credit File Return Refund Ctc Us Tax Refund
Don't Fall For This New IRS Tax Refund Scam
10 months, 3 weeks ago

Don't Fall For This New IRS Tax Refund Scam

Huff Post  

damircudic via Getty Images IRS impersonators could send you a message that claims to have important information about your refund. In late January, the Federal Trade Commission alerted consumers that scammers are now sending emails and texts about a “tax refund” or a “tax refund e-statement.” The scammer email may look legitimate with the real IRS emblem. “I do believe …

Tax Washington Email Message Refund Tax Refund Your Refund
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 …

Information Income Interest Itr Tds Taxpayers Rental Income
Kerala High Court Rejects Assessee ’s Claim For Service Tax Refund To Meet VAT Demand On Pest Control Contract
1 year ago

Kerala High Court Rejects Assessee ’s Claim For Service Tax Refund To Meet VAT Demand On Pest Control Contract

Live Law  

The Kerala High Court has rejected the assessee's claim for a service tax refund to meet the VAT demand on the pest control contract.The bench of Justice Anu Sivaraman has observed that the claim of the petitioner that the service tax authorities must be directed to meet the demand for VAT, if any, found payable by the petitioner cannot be …

Contract Tax Control Kerala High Court Service Pest Control Demand
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 …

Tax Pay Income Tax Refunds Survey Individuals Firms
Income Tax Department considering drive to expedite refunds: Report
1 year, 2 months ago

Income Tax Department considering drive to expedite refunds: Report

Live Mint  

With 3.5 million tax refund cases currently delayed, the Income Tax Department is contemplating the organisation of campaigns aimed at aiding taxpayers. Nonetheless, tax authorities point out that misinformation concerning taxpayers' bank account and Permanent Account Number details is a key factor causing delays in refunds, said the report. A call centre located in Mysuru is dedicated to addressing tax …

Refunds Department Tax Refund
Taxpayers might not get an income tax refund if the tax department has sent this notice. Details here
1 year, 2 months ago

Taxpayers might not get an income tax refund if the tax department has sent this notice. Details here

Live Mint  

If the Income Tax Department has issued a tax notice under Section 245 of the Income Tax Act, 1961, an individual may not receive the income tax refund they requested when filing their income tax returns, reported Economic Times. The Department may issue a Section 245 notice when the current year's income tax refund is being used to offset the …

Income Tax Notice Department Cpc Itr Previous Years Refund
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 …

Tax Income Tax Income Interest Delay Department Filing
ITR filing: The intricacies of an income tax refund that taxpayers must be aware of
1 year, 4 months ago

ITR filing: The intricacies of an income tax refund that taxpayers must be aware of

Live Mint  

Not many days are left for taxpayers looking to file their income tax returns. When taxpayers’ total tax payments exceed their tax liability, they become eligible for an income tax refund, including taxes like Tax Deducted at Source, Tax Collected at Source, and Advance Tax paid by the taxpayers. The interest earned on an income tax refund is categorized as …

Taxes Income Interest This Tax Filing File Pan
Department Has No Right To File Revision Application In Case Of Refund Of Service Tax On Export Of Services: CESTAT
1 year, 7 months ago

Department Has No Right To File Revision Application In Case Of Refund Of Service Tax On Export Of Services: CESTAT

Live Law  

The Mumbai Bench of the Customs, Excise, and Service Tax Appellate Tribunal has held that the department has no right to file a revision application in case of refund or rebate of service tax on the export of services since no such provision has been made for Revenue to file a revision application.The bench of S. K. Mohanty and M. …

Tax Order Service Revision Tribunal Department File
SPG ready for innovative tax refund policy
1 year, 8 months ago

SPG ready for innovative tax refund policy

China Daily  

Accoring to a notice from the Ministry of Finance, the General Administration of Customs and the State Taxation Administration, Qingdao Port, a subsidiary of Shandong Port Group, implemented a tax rebate policy for ports on April 1. As ports of departure are allowed to implement the tax rebate policy for ports of shipment, all export enterprises, ports of shipment and …

Policy Port Tax Refunds Ports Qingdao Export Enterprises
Service Tax Refund Can’t Be Denied On Input Services Wholly Consumed Within SEZ: CESTAT
1 year, 10 months ago

Service Tax Refund Can’t Be Denied On Input Services Wholly Consumed Within SEZ: CESTAT

Live Law  

The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal has held that service tax refunds cannot be denied on input services that are wholly consumed within the SEZ.The bench of Ajay Sharma has observed that Section 26 of the SEZ Act, 2005 specifically provides that all services imported into the SEZ to carry out authorized operations in …

Tax Services Service Stat Rejected Sez Service Tax
Free money is coming to Californians to offset high gas prices. Will it also come with a tax bill?
2 years, 2 months ago

Free money is coming to Californians to offset high gas prices. Will it also come with a tax bill?

LA Times  

To help ease the pain of high gasoline prices, eligible Californians will start receiving tax refunds of $200 to $1,050 Friday under a budget deal approved by the Legislature and signed by Gov. The stated purpose of the $9-billion “Middle Class Tax Refund” is to offset high gasoline prices, although under the deal the money will go to people who …

Taxes Payments Income California High Federal 2020
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
CBDT Notifies New Form 29D For Refund Of Tax Deducted
2 years, 3 months ago

CBDT Notifies New Form 29D For Refund Of Tax Deducted

Live Law  

The Central Board of Direct Taxes has notified the new Form 29D for refund of tax deducted. The amendment added a new Rule 40G to the Income-tax Rules of 1962 relating to Refund Claim under Section 239A. Section 239A states that if no tax deduction was required, a taxpayer may apply to the Assessing Officer for a refund of tax …

Tax Tax Deducted Refund Claim 239A
Haven't Received Income Tax Refund Yet? Step-by-Step Process to Track ITR Refund Status Online
2 years, 4 months ago

Haven't Received Income Tax Refund Yet? Step-by-Step Process to Track ITR Refund Status Online

News 18  

Taxpayers often end up paying an excess amount to the Income Tax Department due to various reasons. Even employers deduct more income tax for salaried employees at times due to wrong calculations or lack of proof of savings under various sections of the Income Tax Act. The Income Tax Act, 1961 states under sections 237 to 245, that tax refunds …

Income Status Itr Return Tax Refund
ITR refund: 5 income tax rules you should know
2 years, 4 months ago

ITR refund: 5 income tax rules you should know

Live Mint  

ITR refund: Due date for income tax return filing for AY 2022-223 is gone and those who have filed their I-T return on or before 31st July 2022, have either got their ITR refund or they are waiting for their ITR refund. Speaking on the income tax rules in regard to ITR refund, Mumbai-based tax and investment expert Balwant Jain …

Tax Income Interest Date Filing 2022 Taxpayer
CBIC Prescribes Manner Of Re-Credit In Electronic Credit Ledger Using FORM GST PMT-03A
2 years, 5 months ago

CBIC Prescribes Manner Of Re-Credit In Electronic Credit Ledger Using FORM GST PMT-03A

Live Law  

The Central Board of Indirect Taxes and Customs has issued a circular prescribing the manner of re-credit in an electronic credit ledger using FORM GST PMT-03A. In order to resolve the issue, GSTN has recently developed a new functionality of FORM GST PMT-03A which allows proper officers to re-credit the amount in the electronic credit ledger of the taxpayer. In …

Tax Credit Form Gst Refund Ledger Electronic
Hawaii governor signs $18 minimum wage increase, tax refund
2 years, 6 months ago

Hawaii governor signs $18 minimum wage increase, tax refund

Associated Press  

HONOLULU — Hawaii Gov. David Ige on Wednesday signed legislation raising the state’s minimum wage to $18 an hour by 2028. California, which currently has a $15 minimum wage, could have a higher wage in six years time given inflation. The bill makes the earned income tax credit permanent and refundable, helping low- to moderate-income workers cut their taxes and …

Hawaii Minimum Wage Tax Refund