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Quick Issue Of Income Tax Refunds Below Rs 50,000: CBDT

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

Tax slabs for FY 2015-16

The status of outstanding refunds was reviewed recently.

Quick Issue Of Income Tax Refunds Below Rs 50,000: CBDT
 

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.

Goodreturns.in

Read more about: income tax cbdt
Story first published: Monday, December 7, 2015, 16:08 [IST]
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