Latest News on Tax Refunds
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Tax Refunds - Total results - 9
Apr 21, 2020
Income Tax Department sends e-mails to 1.72 lakh assessees over outstanding tax duesThe 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
Dec 11, 2019
Parliament panel asks govt to prevent misuse of input tax credit under GST as revenue collection slows in recent monthsGST revenue collection crossed the Rs 1 lakh crore mark after a gap of three months in November, with the revenue growing by 6 percent to Rs 1.03 lakh crore in the month.
Nov 20, 2019
Vodafone Idea presses for Rs 7,000 cr tax refund; Income Tax Department hesitant in view of fresh liabilitySources said Vodafone has to receive an aggregate of about Rs 1,000 crore from Mumbai unit of the Income Tax department and another Rs 6,000 crore from its Delhi office for multiple assessment years dating back to 2004-05
May 13, 2019
Automated GST refunds for exporters by next month as revenue department plans to introduce faceless scrutinySince the GST Network (GSTN) systems are integrated with Customs, hence, refunds are generally transferred to the bank accounts of such exporters within a fortnight.
Jul 27, 2018
Govt must make efforts to implement e-wallet scheme for exporters by October, says Parliamentary PanelUnder the e-wallet mechanism, a notional credit would be transferred to exporters' accounts based on their past record and the credit can be used to pay taxes on inputs.
Sep 21, 2017
Reviving growth: It’s time for Narendra Modi govt to spend; fiscal deficit is not a holy cowWith some inspired but careful tax breaks and spending measures before and during the next budget, the government may yet salvage its reputation just in time for elections due in 2019
Nov 22, 2013
Bosch dismisses Indian employee's class action suit over forceful tax refundsIn a class action lawsuit filed in a federal court in Los Angeles, Kamath charged that Bosch unjustly enriched itself by requiring all of its non-US citizens employees to pay to Bosch federal and state tax refunds they had received while working in the US.
Nov 20, 2013
Indian techie files lawsuit against Bosch for forceful tax refund transferAn Indian techie has filed a lawsuit against German multinational Bosch for allegedly compelling Indian employees in the US to transfer their tax refunds to the company.
Dec 20, 2012
FM asks for better information system to improve tax collectionFinance Minister P Chidambaram on Wednesday made a case for improving tax information system to augment revenue collection while committing to establishing a stable tax regime .