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Income Tax refunds to be sent to taxpayers in 7-10 days Income Tax refunds to be sent to taxpayers in 7-10 days The department’s Central Processing Centre (CPC) as on September 7 processed 45.18 lakh returns and issued refunds to 22.14 lakh tax payers relating to assessment year 2015-16.
Present indirect taxation system complete mess: Arun Jaitley Present indirect taxation system complete mess: Arun Jaitley Union Finance Minister Arun Jaitley Thursday said the present indirect taxation system is in a "complete mess" and sought support of political parties and state governments for implementation of Goods and Service Tax reform.
Corporate tax exemptions with sunset clauses may not be renewed Corporate tax exemptions with sunset clauses may not be renewed In order to phase out exemptions and move to lower corporate tax rate, the CBDT is considering not to renew tax exemptions after expiry of sunset clause.
I-T dept receives 2 crore returns on e-filing portal till Sept 7 I-T dept receives 2 crore returns on e-filing portal till Sept 7 The income tax department has received 2.06 crore returns, up 26.12 percent, on its e-filing portal as of September 7 - the last day for filing the returns by individuals.
Hurry! Last day for E-filing of I-T return today Hurry! Last day for E-filing of I-T return today The Central Board of Direct Taxes (CBDT) had extended the deadline to September 7, i.e today. So, if you haven't e-filed your income tax return yet, then hurry and fill it right now.
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