Income Tax : Your ITR refund for FY 2024-25 may be delayed due to pending tax issues. Learn why and how to handle notices from the Income Tax D...
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 : 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 : Gujarat High Court rules in favor of assessee, stating a mere error in reporting disallowances shouldn't lead to refund denial aft...
Income Tax : Bombay High Court seeks reasons for delay in IT refund to Kalmar India, directs affidavit from PCIT-6 and warns of accountability ...
Income Tax : Rajasthan HC addresses Alkem Labs' challenge against an arbitrary income tax adjustment under Section 143(1). Cost imposed for del...
Income Tax : Telangana HC rules against Income Tax Dept for unlawful adjustment of TSI Business Parks' refunds without prior notice and despite...
Income Tax : Bombay High Court sets aside IT refund adjustments for Sulzer Pumps, citing lack of proper notice under Section 245 of the Income ...
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...
Delhi High Court directs Income Tax Department to remit Rs 44.6 lakhs refund in the Syed Habeebur Rehman vs. DCIT Circle 28(1) & Ors. case, resolving a dispute over AYs 2010-11 and 2014-15. Full judgment details.
Introduction: On the 1st of December, 2023, the Central Board of Direct Taxes (CBDT), under the Ministry of Finance, issued a crucial order under section 119 of the Income-tax Act, 1961. The order addresses the processing of electronically filed income tax returns with refund claims, extending the deadline beyond prescribed limits for non-scrutiny cases. This […]
Delhi High Court order on Nokia Corporation vs DCIT. Progress on refund verification, instructions for remittance, and resolution through an indemnity bond.
Bombay High Court criticizes default system excuses delaying refunds, urges Finance Ministry intervention. Matrix Publicities vs. DCIT detailed case analysis.
Stay updated on the latest Instruction No. 02/2023 from the Ministry of Finance. Learn about revised timelines, monetary limits, and workflow for withholding refunds under Section 245(2) of the Income-tax Act, 1961
Telangana HC directed Income Tax Department to expedite processing of a rectification application filed by Virtusa Consulting Services Private Limited.
Delhi High Court’s judgment regarding the income tax refund for Assessment Years 2020-21 and 2021-22, after an inquiry by CBDT, and the need for timely remittance.
CBDT, under the Ministry of Finance, extends the deadline for processing refund claims under section 143(1) to mitigate taxpayer hardships.
Check if your bank account is valid for refund. Learn how to update or revalidate your account details on the e-filing portal. Get assistance and support.
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 issued.
