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In India, there is a provision of refund of excess tax along with interest. For claiming a refund one has to file the income tax return within a specified period. However, under Sections 237 and 119(2)(b) of the Income Tax Act, the Chief Commissioner or Commissioner of Income Tax are empowered to condone a delay in the claim of a refund. [15]
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC) [4] [5] is a non-ministerial department of the UK Government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers.
The beginnings of the Inland Revenue date from 1665, when a Board of Taxes was set up following the introduction of special taxes to pay for the Second Anglo-Dutch War.A central organisation to supervise the collection of the special taxes was required; it became known as the Tax Office.
Whether you’re filing online or with a tax professional, have all of your personal information and tax documents before filling out your return. Returns with errors or missing information may ...
After all, a tax refund is simply a return of taxes that you have overpaid during the year. This means that if you’re getting a tax refund, you’ve essentially given the government an interest ...
When you file your tax return, double-check all tax documents before mailing it in or electronically filing to avoid delays. Here are some key takeaways to know about the IRS refund schedule:
Tax return laws generally prohibit disclosure of any information gathered on a state tax return. [10] Likewise, the federal government may not (with certain exceptions) disclose tax return information without the filer's permission, [ 11 ] and each federal agency is also limited in how it can share such information with other federal agencies.
Here’s what you need to know about when you will get your 2025 tax refund, how to track your refund and other important details. Learn: 3 Ways Smart People Save Money When Filing Their Taxes
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