Thursday, January 17, 2019

Income-tax Refund in ‘One Day’ might be a reality

With the introduction of new mechanism of integrated e-filing and centralized processing, it is estimated that the refunds will be processed within one day and would increase the compliance and transparency in the system.

from taxmann.com News https://www.taxmann.com/topstories/222330000000017667/income-tax-refund-in-‘one-day’-might-be-a-reality.aspx

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...