Tax refund

Economic Offences Wing busts IT refund scam in Bhubaneswar, arrests one

They said the accused owns several dubious firms/companies such as All India Transport Services, CKS Acoustics and GDS Associates.

published on : 14th September 2022

Govt says income tax refunds up 78 per cent; denies reports of delay

“Returns processing takes place at CPC Bengaluru. The issue is there in their process. Not sure what protocols they follow, but it (refund) is being delayed this year,” said a chartered accountant.

published on : 26th August 2022

Compliance, economic recovery behind higher tax-GDP ratio: Government

The government has credited better compliance and economic recovery for the significant jump in tax-GDP ratio to 11.7 percent in 2021-22.

published on : 15th April 2022

Income Tax refunds of over Rs 1.83 lakh crore issued so far this fiscal

The refund includes personal income tax refunds of Rs 65,938 crore issued to over 2.07 crore individuals and corporate tax refunds of over Rs 1.17 lakh crore in 2.30 lakh cases.

published on : 2nd March 2022