Tax refund News

The Indian government has also prioritised domestic telecom manufacturing to reduce dependency on imports and position the country as a global hub.

Over 5 crore taxpayers have filed their income tax returns (ITRs) for the Assessment Year 2024-25, according to an update shared by the Income Tax Department on July 27.  

This time more than 6 crore Income Tax Returns have been filed in India. The last date to file Income Tax Returns was 31st July… However, you can still file Income Tax Returns with Fine. Now taxpayers have also started getting refund from the Income Tax department…. Some people have received refund, some are yet to come. Taxpayer is eagerly waiting for the money. Cyber ​​thugs are now taking advantage of this. How cyber thugs are cheating Taxpayer and how you can avoid it.

This include personal income tax refunds. PIT refunds amounting to Rs 32,230 crore were issued. Corporate tax refunds amounting to Rs 86,094 crore were issued.

In what could come as a good news for taxpayers in the new year, the Income Tax department has asked its officials to resolve their grievances within 30 days time.

The Income Tax department does not withhold refunds of small taxpayers nor does it generally select their tax returns for scrutiny and detailed analysis, the CBDT has said in an attempt to dispel two of the biggest concerns of this category of assesses.

Finance Minister Arun Jaitley Monday assured exporters of timely payment of tax refund and promised steps to boost shipments, exporters body FIEO said.