« Top Headlines » Open DEMAT Account in 24 hrs  New Income Tax Act: ITR forms to be issued prior to FY28, says govt  GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)  Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this  The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:  ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025  ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups «  Class action suits to be codified in company law... FBT maths adds relief to unlisted firms ESOP... » CIC urges I-T dept to improve its refund disbursal function October, 25th 2007 The Central Information Commission (CIC) has asked income tax authorities to usher in quick improvements in its refund disbursal system. "The Commission would strongly urge the I-T department to rapidly effect improvement in its refund disbursal function... They will have vast amount of efficiency gains by ushering in transparency in such functions," Information Commissioner A N Tiwari said in a judgment. The observation came on a Right to Information (RTI) application of Mumbai-resident J J Nerurkar, who had sought from the office of I-T (Exemptions) information on names of erring officials who delayed his tax refunds for two years. While the Commission concurred with the department in denying disclosure of names of individual officers involved in the decision making process, it noted that such frequent delays on a large scale would inevitably cast doubt on the entire department as well as its officers. Calling for "systemic improvements" in regard to the delays, Tiwari suggested the department could examine as to if they should come out with a periodical statement on the refund claims that had been approved, effected or were pending. It noted that in case the department was unable to effectively handle the volume of work pertaining to disposing of refund claims, it should "seriously" think of alternative systems.