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  Income Tax assessment year 2024-25: How does your ITR get processed by tax department? Details

  July 08, 2024 17:46 IST

  The last day to file the Income Tax Return (ITR) is July 31. After the returns are filed, the department will verify the claims and subsequently initiate the refunds accordingly. Know about how the ITRs are processed and what steps to take.

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  CBDT issues tax refunds of over 1.15 lakh crore to 98.9 lakh taxpayers

  Business | November 10, 2021 16:16 IST

  The tax refund includes 65.31 lakh refunds of AY 2021-22 amounting to Rs 12,616.79 crore.

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  CBDT issues tax refunds worth Rs 26,242 crore since 1st April

  Business | May 22, 2020 14:28 IST

  Central Board of Direct Taxes on Friday has issued tax refunds worth Rs. 26,242 crore to 16,84,298 tax assesses since April 1 to May 21, 2020 and corporate tax refund to 1.02 lakh assesses amounting to Rs 11,610 cr given during this period.

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  I-T department issues tax refunds of Rs 1.57 lakh crore till November

  Business | December 13, 2019 16:39 IST

  At a press conference called to disclose impact of steps taken to boost consumption in the economy so as to uplift growth from a six-year low, Pandey said tax refund cases have gone up by 17 per cent to 2.16 crore.

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  Income Tax department issues 2.10 crore tax refunds till November; Rs 1.46 lakh crore refunded

  Business | December 03, 2019 20:34 IST

  The Centralised Processing Centre (CPC) processed 4.70 crore tax returns between April 2019 and November 28 (almost eight months of current 2019-20 year) as opposed to 3.91 crore returns being processed in the same period a year back, they said.

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  Government to bring tax refund scheme for exporters before Union Cabinet

  India | November 29, 2019 15:38 IST

  The government would soon bring the tax refund scheme for exporters before the Union Cabinet and would notify it, Commerce and Industry minister Piyush Goyal informed Rajya Sabha on Friday.  

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  Higher tax refunds putting pressure on fiscal deficit: Jaitley

  October 31, 2014 17:59 IST

  New Delhi: Finance Minister Arun Jaitley today said increased tax refunds in the current financial year is leading to higher fiscal deficit, which neared 83 per cent of full year target in the April-September period.“Higher

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  Tax Refunds Pull Down Net Direct Tax Collections By 17 PC

  July 07, 2011 18:30 IST

  New Delhi, Jul 7: Driven by a hefty increase in tax refunds which more than doubled in the first quarter of the current fiscal, net direct tax collections dropped by almost 17 per cent during