Oct 23, 2016 at 13:44 | Source: PTI
Income tax mop-up from the metropolis remained flat during the first half of this fiscal at Rs 98,683 crore, primarily due to poor show by banking and pharma sectors as well as higher refunds.
Sep 21, 2016 at 11:25 | Source: CNBC-TV18
Speaking to CNBC-TV18 on the status DS Saksena, Principal Chief Commissioner of Income Tax says these are just 'surveys' based on credible information received about possible tax evasions.
Sep 08, 2016 at 17:30 | Source: PTI
The 'e-nivaran' module, a senior official said, will work on the lines of the internet-based Income Tax Returns (ITRs) filing system and taxpayers can register all complaints related to delay in refunds, filing of e-returns, Tax Deducted at Source (TDS), PAN issues, and those pertaining to their Assessing Officer (AO).
Aug 05, 2016 at 16:26 | Source: PTI
"As on March 31, 2016, refund claims of above Rs 10 lakh are pending only in 57,783 cases for various assessment years, involving a total amount of Rs 1,23,335 crore," Minister of State for Finance Santosh Kumar Gangwar said in a written reply to the Lok Sabha.
May 09, 2016 at 16:58 | Source: PTI
Offering the "final opportunity", the department has said taxpayers whose refunds and tax issues are pending for assessment years (AYs) 2009-10, 2010-11, 2011-12, 2012-13, 2013-14 and 2014-15, should immediately authenticate their Income Tax Returns by using either the electronic verification by Aadhaar or bank account-based facility
May 06, 2016 at 14:10 | Source: PTI
In 2015-16, more than 94 percent of income tax returns were filed online and 4.14 crore returns were processed by the Central Processing Centre (CPC), Bengaluru, without any human intervention.
Apr 26, 2016 at 20:42 | Source: PTI
The Income Tax department will now add interest amount to a delayed refund made on excess TDS deductions and will also not litigate with the deductor on this issue in the future, a latest directive has said.
Apr 04, 2016 at 15:16 | Source: PTI
As per a Finance Ministry release, the Department issued refunds over Rs 1,17,000 crore in 2015-16 and the figure is likely to further increase as banks reconcile the accounts.
Apr 01, 2016 at 18:16 | Source: Moneycontrol.com
To provide tax certainty, investment funds can seek prior approval from the income- tax administration to ascertain their eligibility status to access the Safe Harbour rule.
Mar 09, 2016 at 08:04 | Source: PTI
Tax refund claims worth over Rs1.5 lakh crore for various assessment years were pending withthe Income-Tax Department as on February 27, Minister of Statefor Finance Jayant Sinha said today.