Income tax refunds issue streamlined by e-filing

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Income tax refunds issue streamlined by e-filing
The Minister of State for Finance, Shri S.S. Palanimanickam on Friday said that the process of issue of refunds has been streamlined in the course of computerization and encouraging e-filing of returns for speedy processing and issue of refunds through refund banker scheme. A web based status tracking facility for refunds has also been launched.

The grievance redressal mechanism has been strengthened for ensuring prompt disposal of all such complaints. 

Instances of alleged corruption for settlement of refund claims and complaints come to notice from time to time. Whenever any such instance or complaints comes to notice, the same is verified and if it is found to be correct, the concerned officers/officials have to face penal consequences depending on the facts and circumstances of the case, he added further.

Significant success has been achieved. An e-filed return claiming refund is now on an average processed within three to four months of its filing.

Read more about: income tax
Story first published: Saturday, November 24, 2012, 10:07 [IST]
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