Tag: SECTION 245

CBDT halves Income Tax refunds issue timeline to 15 days for this fiscal

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Concerned over the rising cases of refund-related grievances of the tax-paying public, CBDT today issued fresh directions to the Income Tax Department asking it to process all such cases, pending… Read more »

No adjustment of refunds against old demands if either is up to Rs 5000/- : CBDT

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SECTION 245 OF THE INCOME-TAX ACT, 1961 – REFUNDS – SET OFF OF REFUNDS AGAINST TAX REMAINING PAYABLE – DATA PERTAINING TO NOTICES ISSUED UNDER SECTION 245 BY CPC, BANGALORE… Read more »