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Of this, personal income tax refunds of Rs 69,653 crore have been issued to over 1.90 crore taxpayers and corporate tax refunds of Rs 1.26 lakh crore have been issued in 2.17 lakh cases
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If earnings as interest and pension amount don't come into the same bank account, then there's no respite from filing income tax returns.
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Sudhir Kaushik, CEO and founder of Taxspanner.com, said the government is looking to ensure the number of citizens filing I-T returns goes up
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'Do-it-yourself' investing in stock markets is catching up and it is not restricted to investing in Indian stocks. Investors can buy Google, Facebook and Tesla stocks sitting at home
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Refunds have been issued to 1.84 crore individual taxpayers
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Minister of State for Finance Anurag Thakur said the government has taken various initiatives in the recent years to bring back black money from abroad
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On February 1, Finance Minister Nirmala Sitharaman announced the Union Budget for 2021-22. It was labelled as a ‘safe’ budget in context of the ongoing pandemic because nothing startling came out of it. However, FM decided to please the senior citizens by announcing a special exemption for the pension class. In her Budget speech, Nirmala […]
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So far, 1,25,144 cases have opted for the Vivad se Vishwas (VsV) Scheme, which is 24.5 per cent of the 5,10,491 cases that were pending at different legal fora, according to sources in the Department of Revenue
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The rationalisation of reopening of cases announced in Budget would bring in more certainty to taxpayers
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"I would say what has been hitherto the perception outside that we are tax enforcers, I would like to change it to as being perceived as tax facilitators," said Mody,
