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Source: Live Mint Have you ever wondered why your income tax (I-T) refund has still not come, whereas your colleagues and friends have got the same? The reason could be that your current year’s refund may have been adjusted against your old income tax demand, embroiled in any long-pending appeal, before the commissioner (appeals). A…
Source: Business Standard 4 min read Last Updated : Oct 02 2024 | 8:10 PM IST The Ministry of Finance has released new guidelines for handling delayed tax refund claims and loss carry forward applications. The new guidelines issued on Tuesday increase the limit of tax refund claim amount in condonation of delay cases…
Source: Business Standard 3 min read Last Updated : Sep 23 2024 | 5:16 PM IST Many taxpayers are waiting for their income tax refunds for the income tax return (ITR) filed for the financial year 2023-24 (assessment year 2024-25). However, can someone request an income tax refund from the Income Tax Department for…
Source: Business Standard 3 min read Last Updated : Sep 06 2024 | 11:16 AM IST You may submit your Income Tax return (ITR) on time but getting a refund may take time. The Income Tax has to do multiple checks before it approves a refund . Let us have a look at reasons…
