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Tag: tax refund rules

CBDT issues new guidelines for handling delayed income tax refund claims: What taxpayers should know – CNBC TV18

[ad_1] The Central Board of Direct Taxes (CBDT) has issued new guidelines for condonation of delay in filing income tax returns (ITRs) claiming refunds or carrying forward losses. These rules supersede all previous instructions. Here’s what taxpayers need to know: Power to accept/reject claims based on amounts Claims up to ₹1 crore: Principal Commissioners of […]

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