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TAX REFUND NEWS

The agency has claimed that Tanaji Adhikari, a former senior tax assistant, was allegedly involved in fraudulently generating and issuing TDS refunds from the I-T Department to the tune of Rs 263.95 crore, along with other accused.

Rs 263-crore tax refund 'fraud': special court rejects bail plea of IPS officer’s husband

December 17, 2024 3:21 pm

Purushottam Chavan, who was arrested in the Rs 263 crore Income Tax Refund 'fraud' case, said he was not given a chance to explain himself.

India developing verification mechanism for tax refund scheme after anti-subsidy action by US, EU

June 18, 2024 8:04 am

This comes after the US and EU last year imposed countervailing duties on paper file folders, common alloy aluminium sheet and forged steel fluid following an anti-subsidy investigation.

Direct tax collections up 11.38% in Apr-Jan FY15

February 14, 2015 1:52 am

The government has already exceeded its budgeted fiscal deficit target of Rs 5.31 lakh crore by December end.

Cushion consumers from price rise under GST: Parliament panel

July 02, 2013 2:31 am

Parliamentary standing committee on finance in favour of consumer-friendly tax regime

Ask Us

July 23, 2012 2:50 am

If you do not receive your tax refund within a reasonable time which normally is within a maximum of one year from the date of filing the tax return

Refund excess tax despite cap: I-T dept

June 22, 2012 6:11 pm

Giving relief to taxpayers,the Income Tax Department has asked its officials to take action to refund excess tax.

Centre slashes duty refund rates for exports by up to 30 per cent

September 19, 2010 2:54 am

In a set back to exporters in sectors like leather,textiles and sports,the government today decided to reduce duty drawbacks tax refund by up to 30 per cent.

Direct tax collection rises 3.65 per cent

July 23, 2009 3:36 am

Indias revenue collection from direct taxes has grown by a minimal 3.65 per cent in the first quarter of the current fiscal compared with the corresponding period last year.