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Income Tax Refund

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Comprehensive Guide: Validating Bank Accounts for Income Tax Refunds

Income Tax : Learn how to validate bank accounts for income tax refunds for AY 2024-25. Ensure a smooth refund process by following these essen...

June 3, 2024 3252 Views 0 comment Print

Rate of Interest on Income Tax Refund is 6% While on short Payment of Tax 12%

Income Tax : Learn about interest rates applicable to income tax refunds and short tax payments under Income Tax Act. Find out how to calculate...

May 9, 2024 2790 Views 1 comment Print

LEI No. required for Credit of Income Tax Refunds of Rs. 50 crore and above

Income Tax : Legal Entity Identifier (LEI) No. has become mandatory for non-individual entities when it comes to the credit of income tax refun...

January 11, 2024 11763 Views 1 comment Print

Set-off and adjustment of income tax refund – Section 245 Explained

Income Tax : Learn about income tax refund set-off under Section 245. Discover the process, rights, and implications for taxpayers. Get insight...

December 26, 2023 3879 Views 0 comment Print

Advisory on Validating Bank Account on Income Tax Portal for Income Tax Refund

Income Tax : Check if your bank account is valid for refund. Learn how to update or revalidate your account details on the e-filing portal. Get...

September 14, 2023 30393 Views 0 comment Print


Latest News


Over 88% of ITRs Processed for AY 2023-24 with 2.45 Crore Refunds Issued

Income Tax : Ministry of Finance's latest update on Income Tax Returns (ITRs) for AY 2023-24. Over 6.84 crore ITRs verified, 2.45 crore refunds...

September 6, 2023 1341 Views 0 comment Print

Huge Surge in Income Tax Refund in New Era of Tax Return Processing

Income Tax : From the time where tax payer will forget how much refund is yet to receive and when they will receive to now, there is a remarkab...

August 11, 2023 972 Views 0 comment Print

Income Tax department warns against false refund claims & wrongful deductions

Income Tax : Vijayawada Division's Income Tax Department warns against false refund claims and wrongful deductions. Learn the consequences and ...

July 24, 2023 323313 Views 1 comment Print

Representation on delay in issue of refunds under Income-tax Act, 1961

Income Tax : Karnataka State Chartered Accountants Association (R.) addresses the significant issue of delay in income tax refunds. Read their ...

June 13, 2023 8199 Views 0 comment Print

EOW cracked a major PAN India income tax refund scam

Income Tax : EOW cracked a major PAN India income tax refund scam being  operated from Delhi NCR area. Economic Offences Wing, Bhubaneswar arr...

September 14, 2022 21003 Views 2 comments Print


Latest Judiciary


Negligence of tax authorities: HC Orders Income Tax Refund Credit to Petitioner

Income Tax : Explore the Bombay High Court's ruling on the refund issue in Grace Associates Vs Union of India case. Detailed analysis and impli...

April 26, 2024 213 Views 0 comment Print

Bombay HC allows interest on entire Income Tax Refund to CEAT Limited

Income Tax : Read about the Bombay High Court's judgment in Ceat Limited Vs CIT, where Ceat was entitled to interest on a tax refund exceeding ...

April 19, 2024 2064 Views 0 comment Print

Illegal Income Tax Refund Adjustments: Madras HC Directs Consolidated Grievances Submission

Income Tax : Taxpayer alleges illegal adjustments in refund by Income Tax Dept. Read the full text of the judgment by Madras HC and its implica...

March 27, 2024 456 Views 0 comment Print

Bombay HC Orders Income Tax Refund Deposit | PCIT Vs Shahaji Bhad

Income Tax : Read the full text of the Bombay High Court's order directing the deposit of an Income Tax refund amount with Prothonotary and Sen...

March 5, 2024 693 Views 0 comment Print

Madras HC Orders Swift Action on Delayed Income Tax Refund to Coda Global LLC

Income Tax : Madras High Court directs swift tax refund to Coda Global LLC after Income Tax delay. Learn about case, judgment, and implications...

January 22, 2024 789 Views 0 comment Print


Latest Notifications


Functionality for Verification of High Risk Refund Cases for Investigation wing users at Insight

Income Tax : Explore detailed guidelines & procedures for verifying high-risk refund cases using Insights investigation tool. Learn how to navi...

April 2, 2024 1386 Views 0 comment Print

Functionality for Verification of High-Risk Refund Cases for Jurisdictional Assessing Officer at Insight

Income Tax : Discover how jurisdictional assessing officers verify high-risk refund cases with Insight Instruction No. 77. Learn the SOP and st...

April 2, 2024 2268 Views 0 comment Print

Functionality for Verification of High Risk Refund Cases for TDS charge officers

Income Tax : Discover how TDS charge officers verify high-risk refund cases using Insight Instruction No. 76. Learn about the SOP, steps, and f...

April 2, 2024 645 Views 0 comment Print

Income Tax Refund for AY 2021-22: Delayed Returns Processing

Income Tax : Facing a delayed income tax refund for AY 2021-22 due to technical issues? The CBDT offers relief! Electronically filed returns wi...

March 1, 2024 975 Views 0 comment Print

CBDT Extends Processing Time for E-Filed Returns and Refund Claims

Income Tax : Government of Indias CBDT extends the processing time for electronically filed income tax returns and refund claims under section ...

January 31, 2024 11292 Views 0 comment Print


Latest Posts in Income Tax Refund

Comprehensive Guide: Validating Bank Accounts for Income Tax Refunds

June 3, 2024 3252 Views 0 comment Print

Learn how to validate bank accounts for income tax refunds for AY 2024-25. Ensure a smooth refund process by following these essential steps.

Rate of Interest on Income Tax Refund is 6% While on short Payment of Tax 12%

May 9, 2024 2790 Views 1 comment Print

Learn about interest rates applicable to income tax refunds and short tax payments under Income Tax Act. Find out how to calculate advance tax and understand implications of underpayment or overpayment.

Negligence of tax authorities: HC Orders Income Tax Refund Credit to Petitioner

April 26, 2024 213 Views 0 comment Print

Explore the Bombay High Court’s ruling on the refund issue in Grace Associates Vs Union of India case. Detailed analysis and implications discussed.

Bombay HC allows interest on entire Income Tax Refund to CEAT Limited

April 19, 2024 2064 Views 0 comment Print

Read about the Bombay High Court’s judgment in Ceat Limited Vs CIT, where Ceat was entitled to interest on a tax refund exceeding 10% of the tax determined on regular assessment.

Functionality for Verification of High Risk Refund Cases for Investigation wing users at Insight

April 2, 2024 1386 Views 0 comment Print

Explore detailed guidelines & procedures for verifying high-risk refund cases using Insights investigation tool. Learn how to navigate, assign cases, submit reports & more.

Functionality for Verification of High-Risk Refund Cases for Jurisdictional Assessing Officer at Insight

April 2, 2024 2268 Views 0 comment Print

Discover how jurisdictional assessing officers verify high-risk refund cases with Insight Instruction No. 77. Learn the SOP and step-by-step guidance.

Functionality for Verification of High Risk Refund Cases for TDS charge officers

April 2, 2024 645 Views 0 comment Print

Discover how TDS charge officers verify high-risk refund cases using Insight Instruction No. 76. Learn about the SOP, steps, and feedback process.

Illegal Income Tax Refund Adjustments: Madras HC Directs Consolidated Grievances Submission

March 27, 2024 456 Views 0 comment Print

Taxpayer alleges illegal adjustments in refund by Income Tax Dept. Read the full text of the judgment by Madras HC and its implications.

Bombay HC Orders Income Tax Refund Deposit | PCIT Vs Shahaji Bhad

March 5, 2024 693 Views 0 comment Print

Read the full text of the Bombay High Court’s order directing the deposit of an Income Tax refund amount with Prothonotary and Senior Master. Get insights into the case between PCIT and Shahaji Bhad.

Income Tax Refund for AY 2021-22: Delayed Returns Processing

March 1, 2024 975 Views 0 comment Print

Facing a delayed income tax refund for AY 2021-22 due to technical issues? The CBDT offers relief! Electronically filed returns with refunds can now be processed, even if past deadlines were missed. Learn more and claim your refund!

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