Tag: cbdt

35 Lakh Income Tax Refund Cases “Held Up” For Various Reasons: Tax Body Chief

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93.5 per cent of duly verified ITRs have been processed till now (Representational) New Delhi: Around 35 lakh cases for issuance of refunds are currently “held up” with the Income-Tax Department owing to mismatch and validation of the taxpayers’ bank accounts and the taxman is reaching out to such assessees via a special call centre,…

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New tax regime ‘sweetened’ to benefit maximum number of taxpayers: CBDT Chairman

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File picture of Union Finance Minister Nirmala Sitharaman with Nitin Gupta, Chairman, Central Board of Direct Taxes | Photo Credit: Vedhan M The new income tax regime for filing returns has been “sweetened” in the Budget 2023-24 and it will be beneficial for maximum number of taxpayers as they can enjoy a “reduced” tax rate,…

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