Don't Worry , Be Happy !
Online income tax refund status is very nice service given by income tax department because refund is a major area of concern for income tax authorities . In fact , many people just remain anxious to know the it refund status . Therefore , it is not natural that receipt of it tax refund from income...
One of the major grievance of tax payers was in the area of TDS (tax deduction at source) and specially of the excess tds by error or mistake. Fortunately, CBDT issued circular framing the procedure for claiming the refund of excess TDS deposited by tax deductor vide its Circular no 2/2011 dt 27/04/2011. However, the...
Refund of excess TDS deposited by the deductor remains one of the most sought after tax advice from tax attorney or tax consultants. This site has also got income tax questions on refund of excess tax almost every month. For example: Praveen of Chennai asks: I have a query in case of refund of excess...
Slowly but steady, the process of refund from income tax department is getting easier. Earlier , it was posted How to check income tax refund status online ? . Now let us say , you find that although refund is generated in your case , but you did not receive the refund. Central Processing Unit...
It just happens so often that tax demand is raised on account of processing u/s 143(1) or scrutiny order u/s 143(3) of the Income Tax Act. You are convinced that the demand raised by the income tax department is wrong or bogus for any reason and has filed either 154 petition or made an appeal to authorities.Suddenly , you see that refund of earlier year or subsequent year is adjusted without your knowledge. Can A.o do that?
Deduction u/s 80D of the Income Tax Act provides relief to tax payer by allowing a deduction in … [Read More...]
The tax deduction u/s 80DDB of the Income Tax Act provides relief to tax payers who are individual … [Read More...]
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