# funds
12 posts in `funds` tag
No Penalties Not Reporting Interest Tax Refunds
The ITAT bench emphasized in their judgment that the interest portion of the refund should not be evaluated until it is actually received.
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By Krishna
Income Tax Department Initiative Facilitate Quick Refunds
As there are currently 3.5 million pending tax refund cases, the Income Tax (IT) department is examining the organization of campaigns to aid taxpayers.
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By Krishna
Recent Changes Aadhaar Security Bank Safeguard Funds Fraudsters
To protect against the misuse of Aadhaar data, it's important to lock your biometrics using either the m-Aadhaar app or the Unique Identification Authority of India (UIDAI) website.
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By Krishna
Income Tax Refund Reduction Processing Time 10 Days
From April 1 to August 21, tax refunds amounting to Rs 72,215 crore have already been issued, out of which Rs 37,775 crore went to companies and Rs 34,406 crore to individuals.
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By Krishna
3.1 Million ITR Filers Miss Income Tax Refunds Ineligibility
Income Tax Return Update (August 24): Many people file their income tax returns on time via the Income Tax Department's e-filing portal, but often skip the crucial step of verifying their tax returns.
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By Krishna
Record Breaking Itr Filings Fast processing income tax refunds within 12 hours
ITR Filing 2023: The processing time for Income Tax Refunds has been fastened significantly. Previously, taxpayers filing their returns for AY 2023-24 had to endure a wait of several weeks for refund processing.
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By Krishna
Rectifying Wrong Bank Account Details in ITR Filing 2023: Step-by-Step Guide
Income tax return filing is a responsible task for every taxpayer but errors made in bank details can cause a delay to receive a refund on time.
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By Krishna
ITR Refund Process Accelerated: Technology Drives Efficiency in Income Tax Return Refunds
However, it is taking less time to receive the refund as compared to the previous years. Just make that you have validated the returns after filing it. If you have done both steps, you will get the refund very soon.
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By Krishna
CBDT Implements Amendments to Regulations for Institutions, Trusts, and Funds
"The Central Board of Direct Taxes notified the Income-tax (Eleventh Amendment) Rules, 2023 on June 23, 2023, with the applicability of the amendments starting from October 1, 2023."
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By Krishna
Income Tax Rules: Setting Off Long-Term Capital Loss from Debt Mutual Funds
For investments made after March 31st, 2023, in mutual fund schemes with a domestic equity investment that does not exceed 35% of the total investment, the profits will be considered as short-term capital gains along with the holding period.
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By Krishna
Hire Expert eCA For Your ITR Filing Needs & Maximize Your Tax Refunds
Pre-book your eCA Now to avail Flat 25% Off on ITR Filing!
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By Krishna
What is Indexation in Mutual Fund
Indexation is a process by which the cost of acquisition of an asset can be indexed (adjusted or inflated) over a period of time in order to bring it to current prices after taking inflation into consideration.
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By Krishna