According to the latest data, between 8-20 April, the department issued nearly 14 lakh refunds involving an amount of over Rs 9,000 crore to various taxpayers
The income tax department has sent e-mails to 1.72 lakh assessees, including start-ups, companies and individuals, who have outstanding tax demands as well as tax refunds asking them to provide as update on the payment
Narendra Modi govt mulling revival of estate duty, BCTT: Banking transactions should be encouraged with incentives
Banking cash transactions should be encouraged and correspondingly cash transactions discouraged through incentives for the former and not through tax on the latter.
The bonds, which will be sold through banks and designated post offices, would be issued on 26 November.