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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]
Occasionally, there may be situations where the tax return need not be filed, but is filed anyway to receive a tax refund. [4] The tax return is not necessarily the final calculation; it may be accepted or not accepted as correct by the government authority. [5] The time and effort involved in filing a tax return varies from country to country ...
The home mortgage interest deduction can help some filers maximize their tax refund. But it’s less useful now than in years past—here’s what you need to know. CNN Business 10 days ago
General Tax Directorate — Nigeria: Federal Inland Revenue Service — Netherlands: Tax and Customs Administration (Dutch: Belastingdienst) — New Zealand: Inland Revenue Department (IRD; Māori: Te Tari Taake) — Norway: Norwegian Tax Administration (Norwegian: Skatteetaten) — Pakistan: Federal Board of Revenue (FBR; Urdu: وفاقی ...
Americans are getting bigger tax refund checks. But is that good news? ... Where to shop today's best deals: Kate Spade, Amazon, Walmart and more. AOL. The best under-$50 clothing items to buy at ...
Most taxpayers receive their refunds within 21 days of filing. If you choose to have your refund deposited directly into your account, you may have to wait five days before you can gain access to it.
The tax structure is progressive, aiming to fairly distribute the tax burden across different income groups. Currently, the Corporate Income tax rate is 29% for tax year 2019 and onwards whereas the corporate tax rate is 35% for Banking Industry for TY 2019. Income Tax on Export of Services, in Pakistan is 1%. However, export of IT services is ...
Here’s how to make sure you get your tax refund as quickly as possible. E-file and use direct deposit to avoid delays If you’re relying on your refund, file early and electronically, and use ...