Taxation

What to do when your refund has been credited to Someone else's account by mistake or in case you have entered wrong account number while filing your return of income and after processing your return if Income tax department has issued refund in that particular account?? Below are few steps you can follow to get your refund back in your account only:- Firstly, check whether your refund has been paid or not. You can check it on  online Refund Status   Site. After checking it, if you find the status that refund has already been paid and on verification of your bank statement or pass book entries you found that no amount is credited in your account, you need to do as below. Send your each and every details to below E-mail ids:- agmgb.cmp@sbi.co.in itro@sbi.co.in Your mail should include below details:- 1) Screenshot of refund status from  online Refund Status  site 2) Screenshot of account number mentioned in the return form. you can ge...

Announcements made by Prime Minister Narendra Modi as part of the Startup India Action Plan. There’s no doubt the measures were significant, but it follows with few questions, are all the startups really eligible for the benefits that were announced ? Just answer all the below questions and you will come to know whether you are eligible or not ? (Please note that the following questions are specifically applicable for startups seeking tax exemption): 1. Are you a Private Limited CO. / LLP / Partnership Firm ? Yes No 2. Are you running a business which has not reached at the age of 5 Years ? Yes No 3. Is you turnover less than 25 Crores? Yes No 4. Are you going to / is developing a innovative product which is adding value of customers and is commercial ? Yes ...