The Income Tax Departmentplans to extend the Refund Banker Scheme to the entire country as a move aimed at expediting refund of excess tax. The scheme, launched in Delhi and Patna in March this......
Soon, income tax refunds will be quick and hassle-free, if the finance ministry has its way.The ministry plans to make all refunds directly to the taxpayer’s bank account.A permanent account......
With the present Income Tax Act proposed to be replaced by the Direct Taxes Code next year, the I-T department is planning to introduce a host of services related to processing of tax returns and......
Individual taxpayers can now track the status of their income tax refunds online. To begin with, the facility has been made available in six cities -- Delhi, Mumbai, Bangalore, Chennai, Kolkata......
Many people are ignorant about the fact that their tax refund status can be easily ascertained online with a few simple and easy steps by entering the PAN. The 'Refund Banker Scheme', which was......