New Income Tax Bill: Changes in TDS refund claims while filing ITR? Top points suggested by Parliamentary panel
A parliamentary committee reviewing the Income Tax Bill 2025 suggests allowing individual taxpayers to claim TDS refunds beyond the deadline without penalties. The committee also ...
Tax collections dip: Net direct tax mop-up falls 1.34% to Rs 5.63 lakh crore as refunds surge; gross receipts rise 3.17%
India’s net direct tax collections experienced a slight decrease of 1.34% year-on-year, totaling Rs 5.63 lakh crore between April 1 and July 10 of FY26, ...
Simplify processes, speed up refunds, Finance minister Sitharaman tells tax officials
Taxing Times Made Easier: A New Era for Indian Taxpayers? Let’s face it: taxes aren’t exactly anyone’s favorite topic. The paperwork, the regulations, the sheer ...
Net direct tax collections dip 1.39% despite 5% rise in gross mop-up – Here’s why
India’s net direct tax collections experienced a slight decrease of 1.39% to Rs 4.59 lakh crore due to a significant surge in refund issuances, which ...
Finance minister Sitharaman to push for timely tax refunds, better services
Tax Refunds: Can We Finally Ditch the Disappointment? Let’s be honest, the words “tax refund” usually conjure up a mix of hope and dread, don’t ...
ITR deadline extended: Taxpayers may earn more interest, but government could face higher refund burden
The extension of the ITR filing deadline to September 15, 2025, may increase the government’s interest liability on tax refunds, calculated from April 1st. Taxpayers ...
