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News
IT refunds
IT refunds News
Income tax refunds
21 Oct 2021
Income tax refunds of Rs 92,961 crore issued during ongoing fiscal: CBDT
The Central Board of Direct Taxes (CBDT) frames policy for the Income Tax Department. The CBDT issued refunds of over Rs 92,961 crore to more than 63.23 lakh taxpayers from 1st April, 2021 to 18th October, 2021. This includes 32.49 lakh refunds of AY 2021-22 amounting to Rs 2498.18 crore.
RCom
28 Feb 2019
Investors oppose RCom's plea to use IT refunds to settle Ericsson's dues
The NCLAT was hearing RCom's plea, which has approached the appellate tribunal seeking waiver over the moratorium placed by it on February 4.
LIC
02 Oct 2014
LIC gets Rs 11,500 cr in I-T refunds, policy holders to benefit
Life Insurance Corporation (LIC) has received more than Rs 11,500 crore in income tax refunds and a big chunk of the amount would be passed on to policyholders, an official said.
FICCI
10 Jun 2014
Expedite IT refunds through online passbook mechanism: Ficci
Industry body Ficci has asked Finance Minister Arun Jaitley to expedite IT refunds by making the process taxpayer-friendly through issuance of an online passbook linked with the permanent account number (PAN) in which refunds are credited as dues for each financial year.
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