Income Tax Refunds

Income Tax Refunds News

Income Tax Department sends e-mails to 1.72 lakh assessees over outstanding tax dues
Business

Income Tax Department sends e-mails to 1.72 lakh assessees over outstanding tax dues

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

Pending income tax refunds up to Rs 5 lakh to be released immediately, says govt; move to benefit 14 lakh taxpayers
Business

Pending income tax refunds up to Rs 5 lakh to be released immediately, says govt; move to benefit 14 lakh taxpayers

In an attempt to provide some relief to taxpayers, the Ministry of Finance on Wednesday decided to release all pending Income Tax refunds up to Rs 5 lakh with immediate effect

Income Tax dept issues Rs 64,700-cr refund between 1 April - 18 June, 2019: Nirmala Sitharaman
Business

Income Tax dept issues Rs 64,700-cr refund between 1 April - 18 June, 2019: Nirmala Sitharaman

The Income Tax department has issued Rs 64,700 crore worth refunds in the current fiscal, and for full 2018-19 fiscal the amount released was over Rs 1.61 lakh crore, Finance Minister Nirmala Sitharaman said on Monday

RCom, Ericsson case: Anil Ambani faces setback as Rs 453 crore payment deadline looms on 19 March
Business

RCom, Ericsson case: Anil Ambani faces setback as Rs 453 crore payment deadline looms on 19 March

Anil Ambani's RCom group to pay Rs 453 crore in four weeks, by 19 March, failing which Ambani will have to go to jail.

NCLAT reserves order on RCom plea to release income tax refunds to clear Ericsson dues
Business

NCLAT reserves order on RCom plea to release income tax refunds to clear Ericsson dues

Lenders of RCom have opposed its plea, saying that it will lead to outgo of public money for settling payment of a private party.