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Over 2.38 crore I-T returns filed for 2020-21 fiscal year
Out of this, over 1.68 crore income tax returns (ITRs) have been processed, while refunds have been issued in more than 64 lakh cases
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I-T Department refunds over Rs 51,000 crore between April-Aug
I-T department between April 1 and August 25, 2020, had issued refunds of over Rs 95,853 crore
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Personal income tax: Mumbai first, Bengaluru in second spot in April-July
17 out of 18 CCITs except Guwahati have collected more than Rs 1,000 crore during this period.
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Income tax: Mumbai sees collection of over Rs 1 lakh crore
All India tax collection in April-July 2021 crossed Rs 3 lakh crore which marks almost 98% year-on-year growth
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Investing in the stock market? Pay advance tax now
Investors should pay advance tax on capital gains each quarter instead of waiting to make payments while filing ITR after the end of financial year
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Taxman’s notice at your doorstep if you have made any of these transactions
If a savings account holder deposits more than Rs 10 lakh in a financial year, the Income Tax department may issue a tax notice
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Between April ‘20 and Feb ‘21, I-T department refunded Rs 1.98 lakh crore benefitting 1.95 crore taxpayers
I-T department officials said that despite the pandemic, they were trying to ensure that the refunds are made promptly
