New User   Login      
Tax Management India .com TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Optimum Use of Technology for Expeditious Disposal of Assessment and Refunds;

News and Press Release - Dated:- 6-5-2016 - In FY 2015-16, 94% of income tax returns were filed online and 4.14 crore returns processed without any human intervention; More than 2.10 crore refunds amounting to ₹ 1,22,425 crore were paid in FY 2015-16 as compared to ₹ 1,12,188 crore in the FY 2014-15 and ₹ 89,664 crore in the FY 2013-14; E-payment of Central Excise and Service Tax refunds and rebates through RTEGS/NIFT implemented; 80% of the refund amount granted within 5 days .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

intervention. During FY 2015-16, more than 2.10 crore refunds amounting to ₹ 1,22,425 crore were paid compared to ₹ 1,12,188 crore in the Financial Year 2014-15 and ₹ 89,664 crore in the Financial Year 2013-14. Indirect tax collections have also shown turn around during the Financial Year 2015-16. With growth in indirect tax collections, the indirect tax : GDP ratio for FY 2015-16 is about 5.17 per cent as compared to 4.36 per cent for FY 2014-15. Indirect tax: GDP ratio for th .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version