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Over 24K responses filed under e-proceedings
The new income tax website faced technical glitches like e-proceedings and digital signature certificate and have been flagged by CAs.
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I-T dept issues refunds worth Rs 37,050 crore till July 5
Of this, personal income tax refund stood at Rs 10,408 crore, while that of corporates was Rs 26,642 crore
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Income tax department issues refunds worth Rs 37,050 crores till July 5
CBDT issues refunds of over Rs 37,050 crore to more than 17.92 lakh taxpayers between 1st April 2021 to 05th July 2021.
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Businesses need not deduct TDS on share/commodity purchases via exchanges: CBDT
I-T department said it had received representations about practical difficulties in implementing TDS provisions in case of transaction via exchanges
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Didn't file ITR for last 2 years? Be ready to pay higher TDS
Budget 2021 had brought in a provision which mandated that non-filers of ITRs for past two fiscal years would be subjected to higher TDS
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Relaxation in electronic filing of income tax forms 15CA/15C
The finance ministry stated that taxpayers can submit the forms in manual format to the authorised dealers till June 30, 2021
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New e-filing portal promises faster IT returns, seamless experience
The new portal is supposed to go live on Monday, June 7, and would be followed by a mobile phone app a few days later
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Tax department issues refunds worth Rs 26,276 crore in 2 months of FY22
Of this, personal income tax refunds worth Rs 7,538 crore have been issued in over 15.02 lakh cases. Corporate tax refunds of Rs 18,738 crore have bee
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Tax Refunds: Over Rs 25,000 crore issued to taxpayers, says CBDT
The refunds issued in the 2020-21 fiscal was 43.2 % higher than Rs 1.83 lakh crore issued in 2019-20 fiscal, which ended March 31, 2020.
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Taxpayers get some relief: Personal Income tax refunds worth Rs 5,575 crore made by I-T Department
For the past few months, Central Board of Direct Taxes officials have claimed that they have tried to complete refund payments as fast as possible to
