practical tax & investment planning online
international tax expert / colunmist / author / speaker

INTEREST ON TAX REFUND!

Every taxpayer is entitled to receive refund within one year from the end of the financial year in which his return is filed!       As per Section 244A of the Income-tax Act, a taxpayer is entitled to interest @ 0.5% for every month or part of the month, (6% per annum) from the first day of April of the assessment year to the date on which the refund is granted, where the refund arises on account of TDS or...

DON’T LOSE YOUR TAX REFUND!

Tax refund must be claimed within the specified time limit, but there is a remedy for belated & additional claims!  There may be situations where considering the amount of tax deducted at source from the income of the taxpayer or the advance-tax paid by the taxpayer on his estimated income, the taxpayer becomes entitled to claim refund of income-tax, if such tax deducted or paid exceeds the actual income tax...

GUARD YOUR TAX REFUNDS!

Get set to crusade against unlawful adjustment of grossly erroneous tax demands against your rightful tax refunds!                For the first time in the history of Indian tax administration, an All India Workshop is being organised for ‘Rectification & Reconciliation of Arrear Demands’ by the Centralized Processing Centre (CPC) at Bangalore, on 28th August, 2012. Justifying the need for the workshop, CPC has...

PRACTICAL TIPS ON CLAIMING TAX REFUND

Although, tax refund must be claimed within one year from end of the assessment year, there is a remedy for belated & additional claims!                       There may be situations where considering the amount of tax deducted at source from the income of the taxpayer or the advance-tax paid by the taxpayer on his estimated income, the taxpayer becomes entitled to claim refund of income-tax, if such tax...

Powered by HADNow.com