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Posted Date : 04-Dec-2019 , 10:27:36 am | Posted By CASANSAAR
The Income Tax Department has processed as many as 2.10 crore tax refund cases till 28th November during the current fiscal as compared to 1.75 crore refund returns during the same period last year. It shows an increase of 20 percent in the refund returns against last year. The CBDT said the total a...
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Posted Date : 29-Nov-2019 , 04:29:47 pm | Posted By CASANSAAR
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. Replying to supplementaries during the Question Hour, the minister said the government is also engaged in c...
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Posted Date : 13-May-2015 , 08:18:33 am | Posted By CASANSAAR
The tax department has incurred an expenditure of Rs 42,903 crore on interest payments on income tax refunds during the 6-year period ended 2013-14 without approval of Parliament, official auditor CAG said. The Comptroller and Auditor General (CAG), in its report, said as in the past, the Budge...
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Posted Date : 10-Mar-2015 , 09:16:36 pm | Posted By CASANSAAR
Income tax refunds to the tune of over Rs 1.19 lakh crore is pending for the last three fiscals, starting 2012-13, Parliament was informed on Tuesday. "Income-tax refunds amounting to Rs 1,19,964.13 crore relating to last three assessment years are pending as on March 5, 2015,&quo...
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