Rs. 1.23 Lakh Crore Of Income Tax Refund Pending: Government

Rs 1.23 Lakh Crore Of Income Tax Refund Pending: Government
New Delhi: Refund claims worth Rs. 1.23 lakh crore are pending with the Income Tax Department as on March 31, the government on Friday said.

“As on March 31, 2016, refund claims of above Rs. 10 lakh are pending only in 57,783 cases for various assessment years, involving a total amount of Rs. 1,23,335 crore,” Minister of State for Finance Santosh Kumar Gangwar said in a written reply to the Lok Sabha.

Out of this, he said refunds of Rs. 97,825 crore are pending due to proceedings for scrutiny assessment. Some claims of refunds of large amounts are pending with the department for various statutory and administrative reasons, he said.


With a view to providing relief to small taxpayers, the Central Board of Direct Taxes has authorised the Centralised Processing Center (CPC), Bengaluru, and the assessing officers to issue refunds up to Rs. 5,000 and refunds in cases where outstanding arrear is up to Rs.5,000 expeditiously without any adjustment of outstanding demands, he said.

“During the current year, till August 1, refunds of up to Rs. 5,000 have already been issued in 11,91,598 cases involving a total amount of Rs. 244 crore,” he said.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Amazon India Says It Has Over 1 Lakh Sellers on Its Platform

Amazon India Says It Has Over 1 Lakh Sellers on Its Platform

E-commerce firm has crossed one lakh sellers on its platform during April-June quarter, witnessing a seller growth of over 250 percent year-on-year.

“Since our launch in June 2013, we have been working extensively to meet different business requirements of sellers and help them grow business profitably online,” Gopal Pillai, GM and Director Seller Services, Amazon India told PTI.

“As a result, we have crossed 1 lakh sellers on our platform (during the April-June quarter) and are witnessing a seller growth of over 250 percent year-on-year,” he added.

Seller initiatives include extensive education and skilling programmes, offering Fulfilment By Amazonwherein packs, ships and delivers products to customers, manages returns and does customer service on behalf of the sellers, and other assisted shipping services, he added.

Amazon is also enabling sellers to sell in India but even globally giving them access to over 304 million active customers through the Amazon Global Selling programme.

“Over 8,000 sellers in India are already selling to global shoppers under this programme,” Pillai said.

Amazon has 21 Fulfilment Centres, with more than 13 of them being opened last year across 10 states covering a total area of over 2 million square feet.

Besides, Amazon is also facilitating easy access to secured and unsecured loans for its sellers between Rs. 5 lakh to Rs. 2 crores, through its partner Capital First.

Tags: Amazon, Amazon India, Apps, E Commerce, India, Internet

Freedom 251 Maker Says 2 Lakh Rs. 251 telephones ready, Will launch ‘cheapest’ HD LED television

Freedom 251 Maker Says 2 Lakh Rs. 251 Phones Ready, Will Launch 'Cheapest' HD LED TV

we are ready with nearly two lakh ‘Freedom 251′ handsets’ – Ringing Bells
according to Goel, he is facing a lack of Rs. 140 – Rs. a hundred and fifty in keeping with Freedom 251 unit.
organization is likewise making plans to release a 32-inch HD LED tv in July.
the arena‘s cheapest phone at Rs. 251 (less than $four) is right here, eventually. Its makers, the Noida-primarily based startup Ringing Bells Pvt Ltd, say they have made it feasible no matter allegations fromdiverse quarters that the sort of telephone might not see the light of the day. Even an FIR was lodgedtowards the enterprise.

in step with Ringing Bells’ Founder and CEO Mohit Goel, sitting easily in his area 62 office in Noida, theorganisation has been capable of keep its promise to customers.

we are equipped with almost two lakh ‘Freedom 251’ handsets. we are able to start shipping from June 30,” Goel instructed IANS, including that once he’s carried out with this primary section of transport (oftwo lakh phones), he’ll open registration once more for those who want to buy the handset.

(additionally see: Freedom 251: Ringing Bells Says Will begin cellphone Deliveries From June 28)

The organisation had in mid-February this year planned to supply 25 lakh handsets earlier than June 30.but, it obtained over seven crore registrations before its charge gateway crashed within three days.

“We learned from our mistakes and determined to move silent till we come out with the product. Nowwe’ve got a 4-inch, twin-SIM smartphone ready for delivery. I sense vindicated,” he stated in a singlebreath.

consistent with Goel, he’s dealing with a loss of Rs. one hundred forty – Rs. one hundred fifty in line with unit, however hopes to make profit on volumes. “we can have a loss, however i’m satisfied that the dream of connecting rural and terrible Indians as part of the ‘digital India’ and ‘Make in India’ initiatives has been fulfilled with ‘Freedom 251’,” Goel stated.

The 3G tool has a 1.3GHz quad-middle processor, 1GB of RAM, and 8GB of inner garage and supportsexternal memory playing cards of as much as 32GB. No device become, however, given to IANS.handiest a photo become allowed to be taken.

(additionally see: Freedom 251 in pix)

The employer has supplied an eight-megapixel number one digicam with flash, a 3.2-megapixel frontdigicam for selfie and an 1800mAh battery. It runs on Android 5.1 (Lollipop).

The phone is to be had in colors – black and white – with centrally aligned rear digital camera and brandingat the back panel. It has a speaker just alongside the branding.

The device shows the Indian Tricolour when you turn it on. The business enterprise has integrated all the basic Google apps in the handset.

“Our gadgets are absolutely ‘Make in India’ and have been synthetic at our Haridwar-primarily basedproduction unit. We plan to promote two lakh gadgets each month,” he stated.

The agency is likewise making plans to launch a 32-inch excessive-definition LED tvalso called“Freedom” – in the first week of July.

those will be the cheapest tv units in India and may be to be had for much less than Rs 10,000. insidedays, the delivery could be made and we can sell them on line,” Goel stated, adding that theorganisation currently has one lakh such portions in inventory.

In contrast, the cost of 32-inch HD LED tv sets usually starts offevolved from Rs. thirteen,000.

Ringing Bells launched “Freedom 251” in February in the presence of veteran BJP chief Murli Manohar Joshi.

It dispensed a few “prototypes” of the product to the media which became out to be handsets from every other domestic handset maker Adcom.

but, the enterprise maintained that the tool were advanced “with monstrous aid” from the authorities.

“Our humble starting to provide a high-tech system with a purpose to benefit all in the hinterland and bridge the large hole that sincerely exists between the metros and semi-urban/rural regions is consistent with the government‘s tasks,” Ringing Bells President Ashok Chadha had in advance told IANS.

Doubts have been raised over Ringing Bells’ handset after some specialists stated no telephone might besynthetic for much less than Rs. 2,000.

download the devices 360 app for Android and iOS to stay up to date with the modern tech information, product opinions, and extraordinary offers on the popular mobiles.

Over six lakh students appear for NEET 1st phase on Sunday

A file photo of students at a coaching centre. Photo: Mint


A report photograph of students at a coaching centre. image: Mint
New Delhi: Over six lakh students on Sunday appeared for the primary segment of the country wideEligibility entrance take a look at (NEET), a not unusual scientific entrance take a look at for admissions to MBBS and BDS (Bachelor of Dentral surgical procedure) publications across the country.

according to the imperative Board of Secondary schooling (CBSE) officials who carried out the check, a few 6.67 lakh students had registered for the exam.

β€œreports acquired by us counseled that there have been round eight% students who did not take thetake a look at. This parent is considerably much less than the previous yr while around 15% ofcandidates had been absentees,” a senior CBSE respectable stated.

The CBSE allowed applicants to put on traditional and spiritual clothes, along with burqas, for theexamination. β€œThe exam went smoothly and the remarks we acquired became in large part positive,” theofficial stated, adding that steel detectors and jammers had been used to make sure that unfair approachhave been not used.

The superb courtroom had cleared the decks for holding the examination in phases by using approving the time table placed before it by the Union government, the CBSE and the clinical Council of India for treating the All India Pre-clinical take a look at scheduled on 1 may additionally as NEET-1.