Income Tax refund

  • Income Tax

Interest u/s 244A payable from 1st April of AY when return filed within extended due date

Assessee was entitled to interest u/s 244A from 1st April of AY when return filed within extended due date -…

2 weeks ago
  • Income Tax

ITD examining ITR of salaried assessee claiming refunds – Precautions for Tax Consultants

ITD examining ITR of salaried assessee claiming refunds - Precautions for Tax Consultants/ Tax Practitioners  Income Tax Department is scanning…

9 months ago
  • Income Tax

CPC can not adjust refund in excess of 20% for disputed outstanding demand

CPC can not adjust refund in excess of 20% for disputed outstanding demand. Order u/s 245 or order u/s 220(6)…

3 years ago
  • Income Tax

CBDT refunded Rs. 71,229 crore so far to help taxpayers during COVID-19 pandemic

CBDT refunded Rs. 71,229 crore to help taxpayers liquidity during COVID-19 pandemic CBDT has refunded Rs. 71,229 crore so far…

4 years ago
  • Income Tax

Processing of ITRs with refund claims u/s 143(1) up to AY 2017-18 CBDT extends time to 31.10.2020

Processing of ITRs with refund claims u/s 143(1) up to AY 2017-18 CBDT extends time in non-scrutiny cases. Intimation can…

4 years ago
  • Income Tax

Witholding refund on issue of notice u/s 143(2). If recording satisfaction required? SC explains

Witholding / Processing of refund on issue of notice u/s 143(2)-SC explains the Law. From AY 2017-18 onwards, recording of…

4 years ago
  • Income Tax

CBDT to issue all pending income-tax refunds up to Rs. 5 lakh

CBDT to issue all pending income-tax refunds up to Rs. 5 lakh. GST/Custom refunds also to be issued Government of…

4 years ago
  • Income Tax

Instructions for Processing of time barred returns with refund claims from AY 2006-07 to 2017-18

Instructions for Processing of time barred returns with refund claims. Detailed scheme of validation and process for ITRs from AY…

5 years ago
  • Income Tax

Launch of ITBA Refund Banker Module-Refund Blocking/Unblocking & Revalidation Functions

Launch of ITBA Refund Banker Module-Refund Blocking/ Unblocking and Revalidation Functions ITBA- Refund Banker Instruction No.1 DIRECTORATE OF INCOME TAX…

5 years ago
  • Income Tax

CBDT relaxes time-frame u/s 143(1) for processing of refund claims of validly filed returns up to AY 2017-18 

CBDT relaxes time-frame u/s 143(1) for processing of refund claims of all validly filed returns up to assessment year 2017-18 …

5 years ago