CBDT calls for expeditious IT refund of smaller amounts
Updated: Jan 16, 2016 12:40:15pm
New Delhi, Jan 16 (KNN) In an initiative to reduce taxpayers grievances and enhance their satisfaction, the Central Board of Direct Taxes hadissued instructions to issue refunds of amounts less than Rs 50,000.
The directions on this regard were given to the Central Processing Centre (CPC), Bengaluru and the field officers in December, 2015.
As a result of the special drive to issue smaller refunds, 18,28,627 refunds below Rs.50,000/- involving a sum of Rs.1,793 crore have been issued between 1st December, 2015 and 10th January, 2016. These refunds relate to Assessment years 2013-14 to 2015-16, an official release said on Friday.
In order to further expedite the process of issue of small refunds, CBDT has also directed CPC-Bengaluru and the field units that refunds up to Rs.5,000/-, and refunds in cases where outstanding arrears are up to Rs.5,000/- may be issued without any adjustment of outstanding arrears. (KNN Bureau)
The directions on this regard were given to the Central Processing Centre (CPC), Bengaluru and the field officers in December, 2015.
As a result of the special drive to issue smaller refunds, 18,28,627 refunds below Rs.50,000/- involving a sum of Rs.1,793 crore have been issued between 1st December, 2015 and 10th January, 2016. These refunds relate to Assessment years 2013-14 to 2015-16, an official release said on Friday.
In order to further expedite the process of issue of small refunds, CBDT has also directed CPC-Bengaluru and the field units that refunds up to Rs.5,000/-, and refunds in cases where outstanding arrears are up to Rs.5,000/- may be issued without any adjustment of outstanding arrears. (KNN Bureau)
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