My daughter e-filed her IT Return for A.Y. 2016-17 on 8 July 2016. The refund claimed in the return has been deposited in her bank account on 27 July 2016. I wish to congratulate Income Tax Department for such highly efficient work. more
As far as I know, refund is by the Central Processing Unit of IT. As far as IT babus/officers are concerned, they are corrupt and who-ever comes in their net, harrass them and squeeze maximum blood from them. I consider them as most corrupt. more
But remember shortly IT department is going to bring so many people in to net and would catch the small players On Thu, Aug 11, 2016 at 11:45 PM, Rakkappan Jagatheesan < support@localcirclesmail.com> wrote: > more
YES I AGREE. ME TOO SUBMITTED ITR ONLINE IN APRIL FOR MY FRIEND CLAIMING REFUND. BUT IN MAY HIS RETURN WAS ASSESSED AND REFUND ADJUSTED AGAINST ON OLD BALANCE. VERY QUICK ACTION BY IT DEPT. CPC BANGALORE more
The writ petition filed by the tax Bar Association before the Gauhati High Court seeking a direction from the respondent authorities to restore the old income tax portal immediately due to non- fun...
Preamble: The object of this write-up is to make Bank customers who are not well informed about Re-KYC, and activating dormant/inoperative bank dmat/account/s and use of C-KYC Many banks ...
Many banks interpret the term ‘total income’ concerning declaration in 15G/H, as any non-professional would and not as expected of them under the IT Act and due to lack of proper unders...
While retirement often comes with financial uncertainty, there are savings products that are safe and ensure guaranteed retirement income. The Senior Citizen Savings Scheme (SCSS), launched in 2004...
RBI’s directions on Auto re-designation of banking a/cs into Senior Citizen Account – No clarification offered Please peruse below the text of an important and relevant portion of ...
Higher exemption limit in tax slabs: 1. For FY 2019-20, income tax exemption limit for resident senior citizen (i.e => 60 years , < 80 years) is Rs 3,00,000, whereas the same for normal ...
As per news item in Financial Express of 10 September 2020 the refund of income tax from 01/04/2020 to 08/09/2020 is given below: • Total Refunds: Rs.1.01 Lakh Crore to 27.54 lakh taxpaye...