# refund
25 posts in `refund` 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
ITAT No Penalty Not Disclosing Interest Tax Refund
In a case involving a senior citizen and the income tax department, the Mumbai bench of the tax tribunal has ruled that the penalty is not valid which was imposed for not disclosing the interest earned on tax refund.
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By Krishna
Causes Delay Income Tax Refund Steps To Take
The deadline to file your income tax return (ITR) for the financial year 2022-2023 was July 31, and it was very crucial to meet this deadline to avoid penalties.
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By Krishna
Income Tax Department Refund Vedanta 2021-22
The income tax department will refund Rs 190 Crore to Vedanta Ltd for the 2021-22 assessment year, along with applicable interest. This decision came after a hearing in the Delhi High Court.
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By Krishna
CBDT Average Income Tax Refund Processing Time Slashed To 10 Days
The Income Tax Department is dedicated to swiftly and efficiently processing Income Tax Returns (ITRs) for taxpayers. For the Assessment Year 2023-24, a total of 6.98 crore ITRs were filed, out of which 6.84 crore ITRs have been verified.
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By Krishna
Causes Income Tax Refund Delays Understanding
To prevent these delays, it is crucial to provide all the necessary supporting documents, like investment proofs, accurately and promptly. Any missing or incomplete documents can slow down the refund process.
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By Krishna
Tax Refund Not Received What To Do
If you have filed your income tax return for the financial year 2022-23 and still waiting for your refund! This blog will help you out what to do in such a scenario. Read on…
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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
Income Tax Department Plans Reduce Refund Processing Time 10 Days Fiscal Year
Advancements in technology and a strong system are speeding up the processing of tax returns. Last year, the percentage of processed tax returns increased significantly.
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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
Patience Pays: Understanding Income Tax Refund Processing Time
The response hinges on diverse elements, encompassing tax authorities' processing duration, data precision, and the selected refund method.
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By Krishna
Delayed Income Tax Refund: Reasons and Income Tax Department's Response
Income Tax Refund Update 2023: More than 6.8 crore individuals have submitted their income tax returns for the Assessment Year 2023-24. While many have already received their refunds, some are encountering delays.
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By Krishna
Accelerate Your Income Tax Refund Process with Effective Strategies
Getting your income tax refund might have its own rules, but you can speed things up. Just be proactive and follow these steps. Once your tax return is processed, the refund process will begin.
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By Krishna
How To Check Tax Refund Status For FY 2022-23 (AY 2023-24): Step-By-Step Guide
If you filed your return some time ago but are still waiting for the refund, verify whether you have e-verified your ITR. Remember that simply filing the ITR isn't sufficient and only ensures a refund if you have successfully e-verified your return.
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By Krishna
Government Issues Scam Alert: New Income Tax Refund Scam Targets Taxpayers
In recent times, there is a widespread occurrence of fraudulent messages pretending to be from banks, credit cards, or KYC services, aiming to deceive individuals. The latest scam gaining popularity is targeting taxpayers and bears a striking resemblance to the hoax PAN update scam.
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By Krishna
ITR Refund Process: Mandatory e-Verification Required Before Issuing Refunds
The IT department said in a notification that there will be no refund provided to those taxpayers who have not verified their tax returns. Any failure to do so will result in incomplete and invalid income 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
How to Check Your Income Tax Refund For FY 2022-23 (AY 2023-24): A Step-by-Step Guide
If any request is distinguished from any earlier years with the income tax department, then the department may acclimate the due request with the current year’s refund.
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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
EPF members can avail of Non-refundable advances for illness of self or Family members
The Employees' Provident Fund (EPF) is a social security scheme designed to provide financial support to employees in India. Under the EPF scheme, members have the opportunity to avail themselves of various benefits to ensure their well-being and that of their families.
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By Krishna
How To Claim Your TDS Refund: Types of Refund Status
On the Income Tax website, you can check the status of your TDS refund by using your PAN card number.
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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
Filed the income tax returns but have not received the refund yet
It’s been almost 40 days since the Income Tax Returns due date have passed and if you still have not received your tax refund then it advised you to check your status on the e-filing IT portal or tin-nsdl website.
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By Krishna