September 30, 2020 5:24 pm
This include personal income tax (PIT) refunds amounting to Rs. 32,230 crore issued to 31.75 lakh taxpayers, and corporate tax refunds amounting to Rs. 86,094 crore to over 1.78 lakh taxpayers during this period.
August 21, 2020 3:53 pm
This include personal income tax (PIT) refunds amounting to Rs 28,180 crore issued to over 23.05 lakh taxpayers and corporate tax refunds amounting to Rs 60,472 crore to over 1.58 lakh taxpayers during this period.
July 04, 2020 1:02 am
The Department processed 20.44 lakh cases within the 56 week days in this period. On April 8, the Centre had announced that it would release pending I-T refunds to help businesses and individuals tide over the potential cash flow issues due to lockdown.
May 22, 2020 6:14 pm
The refund process, which is being done as part of efforts to make liquidity available with people and firms to deal with the pandemic has been further expedited at a greater pace since Finance Minister Nirmala Sitharaman's announcement made in the 'Atmanirbhar Bharat Abhiyan' last week.
April 08, 2020 7:32 pm
In a statement issued by the Finance Ministry, the government said that this move would benefit as many as 14 lakh taxpayers in the country.
September 10, 2018 12:26 am
‘Committee alarmed to observe over Rs 1.26 lakh crore refunds in direct tax up to Jan 2018 (for FY18)’
September 08, 2018 12:54 am
In the 2018-19 financial year, the tax department announced that returns filed after August 31, 2018, will attract penalty of Rs 5,000.
July 05, 2018 11:34 am
The Income Tax Department had observed a dedicated fortnight from June 1-15, which was later extended to June 30 in certain regions, to expeditiously clear pending matters of appeal effect and rectification.
November 01, 2014 3:41 am
The revenue deficit touched 91.2 per cent of the BE to Rs 3,45,053 crore in the half year.
May 29, 2011 3:59 am
Amount of money siphoned by the accused has not been ascertained yet,but police suspect it could run into lakhs of rupees.