Every Citizen of India has a right to get interest on their income tax refund under Section 244 of the Income Tax Act in the event that they have made excess payment of advance tax or excess of TDS has been deducted on their sources of income. The Central Board of Direct Taxes (CBDT) in… Continue reading Didn’t get your income tax refund? yet? Here is how much interest will you get in return?
If any individuals have filed their income tax return and have paid more tax than what was outstanding is eligible to receive a refund. Usually, refund arises when taxes paid by the taxpayer are more than their actual liability including interest. It could be in the form of advance tax, self-assessment tax, tax deducted at… Continue reading A Complete Guide on Income Tax Refund Status
The government is likely to make an announcement regarding extension of due date for filing income tax return for the financial year 2018-19. Meanwhile, the last date for ITR Filing is already out that is July 31. In context with this, the Central Board of Taxes (CBDT) has issued a notification extending the last date… Continue reading CBDT extends Form 16 issue date to July 10; ITR filing due date may also get extended