I have filed the tax return for assessment year (AY) 2023-24 before the due date. Recently, I came to know that I could have claimed refund for the capital gain tax on mutual funds as per the DTAA (double taxation avoidance agreement) with UAE. Can I still claim the refund or is the due date …
The Central Board of Direct Taxes (CBDT) on Saturday notified Income Tax Return forms 1 and 4. In a post on X platform (formerly Twitter), the Income Tax (I-T) department announced that the Board has notified ITR forms 1 and 4. The post also highlights that the other ITR forms will be released in the …
The last date to file an income tax return (ITR) is long over. A number of taxpayers, however, may still be waiting for the processing of their returns, thereby, waiting for their refunds to be processed. Different stages of the filing of tax return include filing of return, verification, followed by processing of return. Once …
New Delhi: The average time taken to process income tax returns after its verification by the tax payer has been reduced to 10 days, Central Board of Direct Taxes (CBDT) said in a statement on Tuesday. CBDT said that the tax department’s efforts to provide seamless and expeditious taxpayer services are being continuously strengthened. “In …