Categories: BUSINESS

Tax refund update: CBDT gives concurrent powers to CPC Bengaluru for rectifications; what it means for taxpayers

The CBDT has empowered the Income Tax Commissioner at Bengaluru’s CPC to directly rectify assessment order mistakes under Section 154. This move aims to expedite corrections for taxpayers, addressing issues like miscalculations and missed credits, thereby reducing delays and enhancing transparency in the refund process.
Sumitra

Share
Published by
Sumitra
12 months ago

Recent Posts

West Asia crisis: Government ready with energy, fertiliser stocks

20 hours ago

Keeping all data centres sovereign, says RBI governor

20 hours ago

IDFC First Bank Q2 profit nearly triples to Rs 1,045 crore; loan assets rise 30%

In Q2 FY27, IDFC First Bank showcased an impressive profit surge of 196.5 percent year-on-year,…

2 days ago

Kotak Mahindra Bank Q2 results: Consolidated net profit jumps 26% to Rs 5,645 crore

Kotak Mahindra Bank reported an impressive 26% growth in its consolidated net profit for the…

2 days ago

Upper layer NBFCs have to list: RBI guv on Tatas; dispels doubts on Sept order

RBI governor Sanjay Malhotra’s comments also suggest Tata Sons is in breach of RBI rules.…

3 days ago

Record haul: Jio IPO collects Rs 7.5 lakh crore; nearly 1.3 crore investors make bids

In the unofficial market, speculators are betting that the company will be listing at about…

3 days ago