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Income tax refund News

12 Aug 2024

Income Tax Refund Delay: Will You Get Interest On Delayed Tax Refunds?

The Income Tax department takes four to five weeks for the refund to be credited to the account of the taxpayer, according to the official website.

28 Jul 2024

ITR Filing 2024: How To Check Tax Refund Status Online With PAN Card?

Over 5 crore taxpayers have filed their income tax returns (ITRs) for the Assessment Year 2024-25, according to an update shared by the Income Tax Department on July 27.

income tax refund

05 Sep 2023

Ensure Your Income Tax Refund: Check How To Validate Your Bank Account Now

The process of income tax refunds involves crediting the refund amount directly into the taxpayer's bank account. Therefore, it is necessary that taxpayers validate their bank account information on the e-filing portal. This ensures that the refunds are disbursed efficiently and securely.

09 Aug 2023

DNA: Taxpayers beware!..Fraud in the name of income tax 'refund'

This time more than 6 crore Income Tax Returns have been filed in India. The last date to file Income Tax Returns was 31st July… However, you can still file Income Tax Returns with Fine. Now taxpayers have also started getting refund from the Income Tax department…. Some people have received refund, some are yet to come. Taxpayer is eagerly waiting for the money. Cyber thugs are now taking advantage of this. How cyber thugs are cheating Taxpayer and how you can avoid it.

itr refund kitne din me aata hai

20 Sep 2022

अगर अभी तक नहीं आया ITR रिफंड, तो ये हो सकते हैं कारण.

Some taxpayers are yet to get their ITR refund. Delay in ITR refund can be due to these reasons.

income tax refund

20 Aug 2022

ITR Filing FY 2021-22: I-T Dept extends time to claim THIS credit; Check here

The I-T Dept has amended tax Rules providing relief to taxpayers in claiming Foreign Tax Credit (FTC). The FTC can now be claimed even when filing an updated Income return, provided Form - 67 is furnished before filing such return. It's big relief for tax payers and augment ease of doing business in India.

19 May 2021

IT department issues refunds worth Rs 24,792 crore so far in FY22

The refunds were issued to more than 15 lakh taxpayers. Personal income tax refunds worth Rs 7,458 crore has been issued in over 14.98 lakh cases. Corporate tax refunds of Rs 17,334 crore have been issued to 43,661 taxpayers.

income tax refund

08 Apr 2020

COVID-19 lock: I-T refunds up to Rs 5 lakh to be released for 14L taxpayers

The government will also issue pending GST and customs refunds of Rs 18,000 crore to provide relief to business entities.

income tax refund

13 Feb 2017

I-T dept issues 1.62 crore refunds worth Rs 1.42 lakh crore

The income tax department has issued refunds to the tune of Rs 1.42 lakh crore so far this fiscal till February 10, 41.5 percent higher than last year's.

14 Sep 2015

Income tax refund to be sent in 7-10 days: Reports

14 Sep 2015

Income Tax refunds to be sent to taxpayers in 7-10 days

The department’s Central Processing Centre (CPC) as on September 7 processed 45.18 lakh returns and issued refunds to 22.14 lakh tax payers relating to assessment year 2015-16.

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