This figure includes income tax refunds of Rs 23,026 crore in 61,53,231 cases and corporate tax refunds of Rs 69,934 crore in 1,69,355 cases, an official Twitter post said
A real estate deal and some other financial transactions linked to Sood are under the scanner of the department, official sources had said
This comes merely a day after the income tax department said a number of technical issues on the new ITR portal are being progressively addressed and 1.19 crore ITRs for 2020-21 fiscal year have been filed so far.
The Income Tax Return (ITR) filing has increased to 3.2 lakh daily in September 2021.
Under the faceless assessment system, a taxpayer or an assessee is not required to visit an I-T department office or meet a department official for income tax-related businesses.
Additionally, ex-gratia payments received from employers in case of employees' death due to COVID-19 will also be exempt from income tax in fiscal 2019-20 and subsequent years
The deadline for issuing Form 16 by employers to employees has also been extended by a month till 15 July, 2021, the CBDT said
"Not so sasti anymore," Taapsee Pannu responds to the IT raids at her place, referring to Kangana Ranaut's "sasti copy" remark from 2019
Income Tax officials said the searches are part of a tax evasion probe and conducted at about 20 locations in Mumbai and Pune.
Those arrested include managing directors, proprietors and partners of business and trade entities either involved in availing or utilising the ineligible input tax credit fraudulently
The actor-singer has been actively supporting the ongoing farmers' protests against the new agri legislations
ITR 2019-20 filing last date till 31 December: Here's the list of documents and steps to file income tax returns online
With the ITR filing last date approaching closer, taxpayers, who are yet to file returns, should do it as early as possible to avoid any last-minute rush or error.
ITR 2020-2021 | The last date to file income tax return (ITR) for assessment year (AY) 2020-21 has been extended till 30 November.
One Trump enterprise that has been regularly profitable and is a persistent source of concern about ethical conflicts and national security lapses, is the Mar-a-Lago club
Under faceless assessment, a central computer picks up tax returns for scrutiny based on risk parameters and mismatch and then allots them randomly to a team of officers.
The court’s decision was a major statement on the scope and limits of presidential power in the US, one that will take its place with landmark rulings
Earlier, the return on income earned between 1 April, 2019, and 31 March, 2020, was due by 31 July
The income tax department has notified the minimum fee to be received by India-based fund managers of an overseas fund
Income Tax Department issues refunds of Rs 26,242 cr since April to 16.84 lakh taxpayers; move to ease liquidity
The tax department on Friday said it has issued I-T refunds of Rs 26,242 crore to 16.84 lakh taxpayers since April as part of efforts to hasten refund process for making liquidity available with people and firms to deal with COVID-19 crisis
Nirmala Sitharaman says Centre has no more announcements to make; rules out any cut in income tax rates
Nirmala Sitharaman, who had over the last week announced an economic package to help revive the economy, said how the coronavirus and the lockdown has hurt revenues is yet to be completely assessed.