Income Tax Refunds Jump 46.3% To Rs 3.04 Lakh Crore In April-Nov
This year a record of over 1.62 crore ITRs were processed in a single day for A.Y. 2024-25, according to the statement.
Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry
At its peak, the income tax return portal handled over 900 filings in a second and close to 70 lakh ITR filings a day, as tax ...
Tax Guru8h
Arbitrary Rejections of Section 154 Rectification Requests Challenge Taxpayers
The recent rejection of a rectification request under Section 154 of the Income Tax Act, 1961, by the Income Tax Department without providing any explanation ...
Tax Guru14h
Amendment to Income Tax Notification No. 44/2020
S.O. 5347(E).—In exercise of powers conferred by item (b) and sub-clause (iii) of clause (23FE) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the ...