Of this, personal income tax refund stood at Rs 10,408 crore, while that of corporates was Rs 26,642 crore
CBDT issues refunds of over Rs 37,050 crore to more than 17.92 lakh taxpayers between 1st April 2021 to 05th July 2021.
There are ample tax benefits apart from Section 80C deductions available under the Income Tax Act that you can avail by investing in right instruments
How to file ITR: If you approach a bank for home, car or personal loan, they ask for your income tax return filings of previous years
Money received from anyone on the occasion of an individual's marriage is not taxable
The President's salary is charged from the Consolidated Fund of India, which is the kitty into which all tax and revenues of the government flow
The e-verification should be done within a time limit of 120 days or else ITR will become invalid
The 'ITAT e-dwar' portal will enhance accessibility, accountability and transparency in day to day working of the Income Tax Appellate Tribunal
The government also extended deadlines for various income tax compliances and said the amount paid by an employer to employees for Covid-19 treatment
Ruling on an appeal filed by an individual, the Agra bench of ITAT said the order would act as a precedent for all similar cases