Tag: Income Tax refund
CPC can not adjust refund in excess of 20% for disputed outstanding demand. Order u/s 245 or order u/s 220(6) do not authorise recovery in excess of 20%. ABCAUS Case Law CitationABCAUS 3542 (2021) (08) HC Important case law relied referred:Amrit Singh Ahluwalia vs. State of Punjab & …
CBDT refunded Rs. 71,229 crore to help taxpayers liquidity during COVID-19 pandemic CBDT has refunded Rs. 71,229 crore so far to help taxpayers during COVID-19 pandemic As per a Press Release by the Central Board of Direct Taxes (CBDT), upto 11th July, 2020, it has issued refunds amounting …
Processing of ITRs with refund claims u/s 143(1) up to AY 2017-18 CBDT extends time in non-scrutiny cases. Intimation can be send till 31.10.2020 F. No.225/98/2020/IT A-IIGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes North Block , New Delhi the , 10th July, …
Witholding / Processing of refund on issue of notice u/s 143(2)-SC explains the Law. From AY 2017-18 onwards, recording of satisfaction must if refund is to be withheld ABCAUS Case Law Citation:ABCAUS 3302 (2020) (04) SC Important case law relied upon by the parties:Vaishali Abhimanyu Joshi v. Nanasaheb …
CBDT to issue all pending income-tax refunds up to Rs. 5 lakh. GST/Custom refunds also to be issued Government of India Ministry of Finance Department of Revenue New Delhi, the 08th April, 2020 PRESS NOTE CBDT to issue all pending income-tax refunds up to Rs. 5 lakh In …
Instructions for Processing of time barred returns with refund claims. Detailed scheme of validation and process for ITRs from AY 2006-07 to 2017-18 ITBA-Processing Instruction No 9 DIRECTORATE OF INCOME TAX (SYSTEMS)ARA Center, Ground Floor, E-2, Jaandewalan ExtensionNew Delhi-110055 F. No. System/ITBA/Instruction/ITR Processing/177/16-17/ Dated : 12.09.2019 To,All Principal Chief …
Launch of ITBA Refund Banker Module-Refund Blocking/ Unblocking and Revalidation Functions ITBA- Refund Banker Instruction No.1 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi -110055 F.N Pr DGIT(S)/ADG(S)2/Sign ff-OLTAS ITBA/173/2017 Dated: 07.08.2019 To All Principal Chief Commissioners of Income-tax/ CCsIT (By Name) …
CBDT relaxes time-frame u/s 143(1) for processing of refund claims of all validly filed returns up to assessment year 2017-18 F.No.225/194/2019/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, the 5th August, 2019 Order under section 119 of the Income-tax …
Outsourcing of data entry functions in Income Tax Department poses a risk of refund frauds and leakage of confidential data – CBDT CentralBoardofDirectTaxes (CBDT) in a latest instruction has stated that large-scale outsourcing of data entry functions in the Income Tax Department poses a risk of refund frauds …
More than Rs 70000 crore of refunds issued in dedicated fortnight and more than 20000 matters disposed – CBDT Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 4th July, 2018 PRESS RELEASE Special drive for expeditious clearance of pending appeal …
