Page 23 - Income Tax Department

Tax dept issues refunds worth Rs 26,276 cr in 2 months of FY22

The income tax department on Thursday said it has issued Rs 26,276 crore refunds to more than 15.47 lakh taxpayers in two months of the current fiscal.

CBDT Chairman Mody's tenure ends; Mohapatra given additional charge

J B Mohapatra, a 1985-batch Indian Revenue Service officer, was on Monday given the additional charge as CBDT chairman after the extended tenure of incumbent P C Mody ended, a government order said

New tax portal to make self-filing a breeze but proceed with caution

Be doubly cautious if filing via a mobile app

A near-empty CBDT tackles arbitration cases, domestic tax issues

Four vacancies in the Central Board of Direct Taxes (CBDT) have not been filled despite the Appointments Committee of Cabinet (ACC) clearing names in February, exposing administrative gaps

New e-filing site for taxpayers from Jun 7; existing to undergo 'blackout'

The new taxpayer friendly portal is integrated with immediate processing of Income Tax Returns (ITRs) to issue quick refunds to taxpayers

Income Tax department issues Rs 24,792 cr refunds so far this fiscal

The Income Tax department on Wednesday said it has issued over Rs 24,792 crore refunds to more than 15 lakh taxpayers so far this fiscal.

I-T Dept issues refunds to tune of Rs 17,061 crore so far in FY22

The Income Tax Department on Wednesday said it has issued over Rs 17,061 crore of refunds to more than 13 lakh taxpayers so far this fiscal year.

IT refunds worth Rs 15,438 crore issued in one month of current fiscal

Corporate tax refunds of Rs 10,392 crore have been issued to 21,487 taxpayers.

I-T refunds worth Rs 5,649 crore issued during April 1-19: Data

The Income Tax Department on Wednesday said it has issued refunds of over Rs 5,649 crore to 739,000 taxpayers during April 1-19, 2021-22

IT refunds of over Rs 2.62 trillion issued in FY21, an increase of 43%

The total refunds issued in 2019-20 were worth Rs 1.83 trillion

Software royalty likely to cost Centre Rs 5,000 crore every year

According to sources, the department is examining the court's ruling and seeking legal opinion on it.

I-T finds huge undisclosed income in raids on Bollywood's Taapsee, Kashyap

28 premises raided across Mumbai, Pune, Delhi and Hyderabad; two top film production companies also targeted

I-T dept detects Rs 175 cr dubious income, Rs 3 cr cash set aside for polls

Search and seizure on two groups of civil contractors in Southern Tamil Nadu; assessees suspected of booking bogus expenses to understate profits

Avoid tax credit mismatch in income-tax return request: Experts

In case of an error, file a revised TDS return under Section 154(1)

IT dept detects Rs 220 cr black income from TN-based tiles manufacturer

The action was carried out on February 26 and a total of 20 premises in Tamil Nadu, Gujarat and Kolkata were searched and surveyed, it said

Covid-19 pandemic, staff crunch deal blow to pending APA applications

APAs are aimed at providing certainty to taxpayers in respect of the transfer price of the cross-border transactions

A quarter of direct tax litigations getting resolved via 'Vivad Se Vishwas'

'Vivad Se Vishwas' is the Centre's ambitious tax dispute resolution scheme

Rs 95,000-cr disputed sum settled under 'Vivad se Vishwas': CBDT chairman

This relates to entities resolving long pending litigation issues with the Income Tax Department

Govt mulls revenue dept restructuring; CBIC, CBDT to focus on collection

People in the know said the government was examining measures like the strengthening of the Central Economic Intelligence Bureau (CEIB)

Income tax refunds worth Rs 1.76 trillion issued between Apr 1-Jan 18

The Income Tax department on Wednesday said it has issued over Rs 1.76 trillion worth refunds to over 1.65 crore taxpayers so far this fiscal.