Covid 19 Relief Package

All Pending Income Tax Refunds Up To Rs 5 Lakh To Be Released Immediately

In a measure that is expected to provide relief to around 14 lakh taxpayers amid the Covid 19 (coronavirus) outbreak and resultant lockdown in the country, the government on Wednesday decided to release all pending income tax refunds up to Rs 5 lakh immediately. An individual is liable to get income tax refunds when the tax deducted from income in...