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CBDT has issued directions to expedite the issue of pending refunds below Rs.50000 - All About Finance

CBDT has issued directions to expedite the issue of pending refunds below Rs.50000

by

Government of
India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

 PRESS RELEASE

 New Delhi, 7th December, 2015

 

Subject: Expediting issue of
refunds below fifty thousand for A. Y. 2013-14 and A.Y. 2014-15 – regarding

 The Income-tax Department is
committed to improving taxpayer services and redressing grievances in a timely
manner.

 The status of outstanding refunds
was reviewed recently. Following the review, Central Board of Direct Taxes has
issued directions to its field formations to expedite the issue of pending
refunds below Rs. 50,000/ for assessment years 2013-14 and 2014-15 in all such
cases which have not been selected for scrutiny. The field formations and the
Central Processing Centre at Bengaluru have been directed to complete the
process as early as possible.

 This
initiative is expected to significantly reduce taxpayer grievances and enhance
the taxpayer satisfaction.

 The communication is available on
the website of the Department at www.incometaxindia.gov.in

  

(Shefali Shah)

 Pr. Commissioner of Income Tax
(OSD)

Official Spokesperson, CBDT

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  1. Income tax refunds will issue without any adjustment of outstanding arrears if arrears are up to Rs.5000
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