Income Tax : ऑनलाइन जुए की जीत पर 31.2% कर और कोई रिफंड नहीं, खिलाड...
Income Tax : When a taxpayer submits their Income Tax Return (ITR) and requests a refund, they need to wait for the Centralized Processing Cent...
Income Tax : Learn why Income Tax refunds are failing due to unlinked PAN with bank accounts, the implications, and how taxpayers can resolve t...
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...
Income Tax : Learn about interest rates applicable to income tax refunds and short tax payments under Income Tax Act. Find out how to calculate...
Income Tax : Out of 3.94 crore valid ITRs for AY 2024-25, refunds were processed for 3.68 crore. Reasons for delays include invalid bank detail...
Income Tax : The Finance Act 2023 integrates sections on refund set off and withholding into section 245 of the Income-tax Act, impacting how r...
Income Tax : Learn about the rise in tax returns filed in India, targeted campaigns encouraging filings, and steps taken by the government for ...
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...
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...
Income Tax : As the AO had not allowed certain credits of advance tax, TDS and also interest on excess payment of self-assessment tax, assessee...
Income Tax : Madhya Pradesh High Court directs refund with interest to Birla Corporation Limited, ruling on delays in tax refunds and TRACES Po...
Income Tax : Karnataka HC directs the Income Tax Department to refund Rs.154 crore with interest to IBM India, as per the Supreme Court's direc...
Income Tax : Karnataka HC directs refund of Rs. 17.48 Cr, erroneously adjusted against a 2017-18 tax demand, with interest to LSI India Researc...
Income Tax : Tata Sons challenges incorrect interest calculation on refunds under Section 244A. ITAT Mumbai directs reassessment of refund and ...
Income Tax : SOP for investigating high-risk refund cases for AY 2024-25. Clusters of suspicious ITRs identified and disseminated for verificat...
Income Tax : Insight Instruction No. 8 guides Assessing Officers in verifying high-risk refund ITRs for AY 2024-25, detailing steps for verific...
Income Tax : CBDT issues comprehensive guidelines for condonation of delay in filing returns claiming refunds or losses under Section 119(2)(b)...
Income Tax : Explore detailed guidelines & procedures for verifying high-risk refund cases using Insights investigation tool. Learn how to navi...
Income Tax : Discover how jurisdictional assessing officers verify high-risk refund cases with Insight Instruction No. 77. Learn the SOP and st...
Tata Sons challenges incorrect interest calculation on refunds under Section 244A. ITAT Mumbai directs reassessment of refund and interest for AY 1993-94.
Learn why Income Tax refunds are failing due to unlinked PAN with bank accounts, the implications, and how taxpayers can resolve this issue.
Summary of the ITAT Jaipur decision in Singhal Builders Vs ACIT for A.Y. 2017-18, discussing income additions, depreciation claims, and treatment of interest on income tax refund.
Learn how to validate bank accounts for income tax refunds for AY 2024-25. Ensure a smooth refund process by following these essential steps.
The Finance Act 2023 integrates sections on refund set off and withholding into section 245 of the Income-tax Act, impacting how refunds are adjusted against tax demands and withheld during pending assessments. Learn about the amendments and their implications effective from October 1, 2024.
Learn about the rise in tax returns filed in India, targeted campaigns encouraging filings, and steps taken by the government for better compliance.
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.
Explore the Bombay High Court’s ruling on the refund issue in Grace Associates Vs Union of India case. Detailed analysis and implications discussed.
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.
Explore detailed guidelines & procedures for verifying high-risk refund cases using Insights investigation tool. Learn how to navigate, assign cases, submit reports & more.
