Question
The income tax department has reduced the time for tax
officers to decide on adjustment of refunds against outstanding tax dues to ___days from the earlier 30 days.Solution
The income tax department has reduced the time for tax officers to decide on adjustment of refunds against outstanding tax dues to 21 days which used to be 30 days initially, a move which will help avoid litigation. If the assessed either does not agree or partially agrees for adjustment, the matter shall be referred by Centralized Processing Centre (CPC) immediately to the assessing officer, who shall, within 21 days from the date of such reference, shall provide feedback to CPC as to whether the adjustment should be made or not.
Recently Goods and Services Tax network has been included to the account aggregator (AA) network as a financial information provider (FIP) to facilitate...
What is the key feature of the SCORE system developed by SAMEER?
Which country signed a deal to supply 90 tons of uranium to India for its nuclear power plants in 2025?
On which day the World Blood Donor Day observed in the country?Â
Where is the Head Quarter of Asian Clearing Union (ACU)?
Which of the following statements is NOT true about the utilization of Sovereign Green Bonds (SGBs) in India?
________ happen when RBI desires that liquidity should be squeezed from the economy but Banks are not eager to deposit money with RBI at rate fixed by RBI.
Special Drawing Rights (SDR) is an international reserve asset, created by the IMF in which of the following years?
Which denomination notes will be introduced as plastic currency in India?
In MUDRA Bank, what does MUDRA stands for -
Relevant for Exams:
