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Articles for Tax Refunds

Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry
1 week, 4 days 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 …

Tax Refunds Income Tax Tax Refunds Ministry Itr Tin
Taxpayers alert! ITR processing time reduced to 10 days from 93 days
4 months, 1 week ago

Taxpayers alert! ITR processing time reduced to 10 days from 93 days

Hindustan Times  

Finance minister Nirmala Sitharaman said that the average time taken to process income tax returns has decreased from 93 days in 2013 to 10 days. Finance minister said that the 'average' processing time has been reduced to 10 days. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} No, not all ITRs are going to be processed in 10 days as the Finance minister said …

Tax Tax Refunds Processing 10 Days Itr Process
10 innovative solutions to elevate your business
7 months, 1 week ago

10 innovative solutions to elevate your business

The Independent  

Strong brands always have one thing in common — they’re continually adapting and improving. Whether you’re looking to implement an innovative data system, join a new community or are simply seeking specialist advice, we’ve got everything you need to keep your business thriving. Join now Find out if you could you be owed a tax refund RIFT Tax Refunds is …

Business Global Space Tax Access Management Teams
2023 Annual Digest Of Indirect Tax Cases: CESTAT, AAAR & AAR
11 months, 1 week ago

2023 Annual Digest Of Indirect Tax Cases: CESTAT, AAAR & AAR

Live Law  

Case Title: Konkan Railway Corporation Ltd. Case Title: M/S Sennheiser Electronics India Pvt Ltd Versus Principal Commissioner, Customs Inland Container Depot The Delhi Bench of the Customs, Excise, and Service Tax Appellate Tribunal has allowed the customs duty exemption on Earphones. Procedural Lapse Cannot Be The Basis To Deny Service Tax Refund, Defeating The Object Of SEZ: CESTAT Case Title: …

India Delhi Mumbai Customs Indian Title Service
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
UK urged to bring back tax-free shopping to encourage more visitors
1 year, 1 month ago

UK urged to bring back tax-free shopping to encourage more visitors

China Daily  

Buses travel down the Oxford Street in London, Britain, April 9, 2021. The United Kingdom is losing its competitive edge as a prime shopping destination for Chinese tourists because of its removal of the tourist tax refund policy, which previously incentivized Chinese visitors to shop there. The downward trend was evident during China's recent Golden Week holiday, as more Chinese …

Shopping Europe London Italy China Tax Tax Refunds
Anticipating your income tax refund? CBDT urges taxpayers to verify bank account validity
1 year, 3 months ago

Anticipating your income tax refund? CBDT urges taxpayers to verify bank account validity

Live Mint  

Indian taxpayers are anxiously anticipating their refunds. In a recent update shared on its official Twitter account @IncomeTaxIndia, the Income Tax Department of India has issued a crucial advisory to all taxpayers. The notification underscores the significance of verifying and maintaining up-to-date bank account information where tax refunds will be deposited. The income tax refund process entails directly depositing the …

Refunds Bank Income Account Refund Bank Account Taxpayers
Delhi High Court Limits Adjustment Of Tax Refunds Against Disputed Demands At 20%
1 year, 3 months ago

Delhi High Court Limits Adjustment Of Tax Refunds Against Disputed Demands At 20%

Live Law  

The Delhi High Court has limited the adjustment of tax refunds against disputed demands to 20%.The bench of Justice Rajiv Shakdher and Justice Girish Kathpalia has observed that the action of the AO in adjusting the refund due to the petitioner/assessee for AY 2022–23 against the disputed demands for AYs 2011–12, 2012–13, and 2014–15 was not only hasty but was …

Tax Refunds Demands Demand Refund Assessee Disputed Cit
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
Income Tax department warns taxpayers against refund scam: How to avoid falling victim to this scam?
1 year, 4 months ago

Income Tax department warns taxpayers against refund scam: How to avoid falling victim to this scam?

Live Mint  

The Income Tax Department issued a cautionary advisory to taxpayers regarding phishing messages impersonating the department and promising income tax refunds. These messages are fraudulent, and clicking on the provided link may lead to a deceptive website designed to mimic the official Income Tax Department site. If this is not correct, please update your bank account information by visiting the …

Personal Tax Personal Information Income Messages Official Website
Ad watchdog takes action against tax repayment agents
1 year, 6 months ago

Ad watchdog takes action against tax repayment agents

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. All three advertisers – trading as The Tax Hero, Fast Track Reclaim and Total …

Tax Tax Refunds Sign Agents Hmrc Repayment Tax Repayment Agents
Georgia begins issuing second year of income tax refunds
1 year, 7 months ago

Georgia begins issuing second year of income tax refunds

Associated Press  

ATLANTA — Georgia Gov. Brian Kemp announced Monday that the first of a projected $1 billion of state income tax refunds have been issued. It’s the second year in a row that lawmakers have approved Kemp’s request to issue income tax refunds, a move made possible because Georgia ended its last budget year with $6.6 billion in surplus revenue in …

Georgia Tax Income Kemp Income Tax Refunds 2021 Refunds
Your tax refund could be smaller than last year. Here’s why
1 year, 8 months ago

Your tax refund could be smaller than last year. Here’s why

Associated Press  

NEW YORK — Expecting a tax refund? For many households, especially working families, the tax refund is the biggest one-time financial windfall of the year, said Kathy Pickering, chief tax officer of H&R Block. For her father, who has shifted more towards self employment in the past few years, she said taxes have also become “more of a hit and …

Pandemic Credit Money Work Child Interest Rates Tax Refunds
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
Direct tax receipts after refunds in FY23 grow 18%
1 year, 8 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 …

Growth Tax Refunds Direct Taxes Tax Refunds Direct Trillion
Pakistan Economic Crisis: Officials Accuse IMF of ‘Maltreatment’; Foreign Investors Seek Tax Refunds
1 year, 9 months ago

Pakistan Economic Crisis: Officials Accuse IMF of ‘Maltreatment’; Foreign Investors Seek Tax Refunds

News 18  

Pakistani authorities involved in the discussions with the International Monetary Fund accused the global lender of mistreatment earlier this week, according to a report by Pakistan-based media outlet the Dawn. Authorities are also hopeful that State Bank of Pakistan’s foreign exchange reserves would cross to $10bn by June-end, rising by $7bn from the current $3.1 billion. The IMF and Pakistan …

Pakistan Tax Refunds Billion Imf Pakistani Dawn Receive
Govt Rakes In Rs 13,63,649 Crore As Direct Tax In FY23, Collection Up By 26% Over Last Fiscal Year
2 years ago

Govt Rakes In Rs 13,63,649 Crore As Direct Tax In FY23, Collection Up By 26% Over Last Fiscal Year

ABP News  

New Delhi: India's gross direct tax collections stood at Rs 13,63,649 crore, recording a 25.90 per cent growth, in the financial year, as against ₹10,83,150 crore in the same period for the preceding year. 9,47,959 Cr in the corresponding period of the preceding Financial Year, representing an increase of 19.81%: Ministry of Finance pic.twitter.com/TYrUFhKmCm — ANI December 18, 2022 Notably, …

Tax Crore Direct Collection Direct Tax
Direct Tax Collections Jump 23% To Rs 7 Lakh Crore During Current Fiscal So Far; Check Details
2 years, 3 months ago

Direct Tax Collections Jump 23% To Rs 7 Lakh Crore During Current Fiscal So Far; Check Details

News 18  

In another indication of a post-pandemic economic recovery, India’s direct tax collections continue to grow at a robust pace in the current financial year so far. Direct tax collections jumped 23 per cent year-on-year to Rs 7 lakh crore during the financial year 2022-23 so far. It said, “The figures of direct tax collections for the FY 2022-23, as on …

Financial Tax Direct Tax Collections Crore Direct Cent Collection
ITR Refund: Filed ITR? Know How to Check Refund Status, When You Will Get It
2 years, 4 months ago

ITR Refund: Filed ITR? Know How to Check Refund Status, When You Will Get It

News 18  

ITR Refund AY 2022-23: The due date to file income tax return, or ITR for AY 2022-23, has ended on July 31. Those who have filed their ITR for AY 2022-23 on time will now wait for their income tax refunds, which is issued to taxpayers only when they pay higher taxes than the actual liabilities. The income tax department …

Tax Refunds Pay Income Itr Taxpayer Refund
The federal government will allow states to stop charging families for foster care
2 years, 5 months ago

The federal government will allow states to stop charging families for foster care

NPR  

The federal government will allow states to stop charging families for foster care Enlarge this image toggle caption Meg Anderson/NPR Meg Anderson/NPR New guidance from the federal government will make it easier for states to stop a controversial practice that, according to a 2021 NPR investigation, keeps impoverished families in debt when their child is placed into foster care. When …

Parents States Pay Child Care Families Tax Refunds
How much do I get from California’s $9.5-billion gas tax relief plan? When will I get it?
2 years, 5 months ago

How much do I get from California’s $9.5-billion gas tax relief plan? When will I get it?

LA Times  

After months of debate, Gov. “California’s budget addresses the state’s most pressing needs, and prioritizes getting dollars back into the pockets of millions of Californians who are grappling with global inflation and rising prices of everything from gas to groceries,” Newsom, Senate President Pro Tem Toni G. Atkins and Assembly Speaker Anthony Rendon said in a joint statement. Sliding income …

Gas Income Tax Refunds California State Plan Newsom
留抵退税政策有效为企业减负纾困
2 years, 7 months ago

留抵退税政策有效为企业减负纾困

China Daily  

自从4月1日开始实施大规模留抵退税政策以来，已经惠及多家企业尤其是小微企业。在疫情之下，退税政策直接为企业增加现金流，有效帮助企业减负纾困。 Taxation officials introduce tax refund policy at a small company in Cangzhou, Hebei province. FU XINCHUN/FOR CHINA DAILY China's continued tax and fee cuts and the recent move of refunding value-added tax credits to businesses are helping market players withstand economic headwinds and are critical in supporting growth this year, an official said. In addition, we will step up …

Tax Refunds Tax Refunds Businesses Sta Credit Refund Vat Credit Refund
留抵退税政策有效为企业减负纾困
2 years, 7 months ago

留抵退税政策有效为企业减负纾困

China Daily  

自从4月1日开始实施大规模留抵退税政策以来，已经惠及多家企业尤其是小微企业。在疫情之下，退税政策直接为企业增加现金流，有效帮助企业减负纾困。 Taxation officials introduce tax refund policy at a small company in Cangzhou, Hebei province. FU XINCHUN/FOR CHINA DAILY China's continued tax and fee cuts and the recent move of refunding value-added tax credits to businesses are helping market players withstand economic headwinds and are critical in supporting growth this year, an official said. In addition, we will step up …

Tax Credit Refunds Tax Refunds Businesses Vat Sta
Premier Li Keqiang meets the press: Full Transcript of Questions and Answers
2 years, 9 months ago

Premier Li Keqiang meets the press: Full Transcript of Questions and Answers

China Daily  

Premier Li Keqiang meets the press: Full Transcript of Questions and Answers March 11, 2022 Premier Li Keqiang meets the press after the closing of the fifth session of the 13th National People's Congress on March 11. Many reports I have received this year also take tax and fee cuts as the number one aspiration for the government's macro policies. …

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