CBDT Delivers Record Taxpayer Services In FY16: FinMin

Posted By: Religare
Subscribe to GoodReturns

The Central Board Direct Taxes (CBDT) has achieved significant success in delivery of taxpayer services in Financial Year 2015-16, a record setting year in delivery of taxpayer services, the ministry of finance said on Monday.

CBDT Delivers Record Taxpayer Services In FY16: FinMin
"The Centralized Processing Centre (CPC) at Bengaluru processed more than 4.14 crore Income Tax returns, an increase of over 35 per cent over the previous year. The CPC also issued over 1.61 crore refunds above Rs 100 to taxpayers, an increase of more than 47 per cent over the previous year," the ministry of finance said in a statement.

The CPC issued refunds to the tune of Rs 37, 870 crore in an automated manner of which 67% were issued within 30 days. This demonstrates CBDT's commitment to faster and more efficient taxpayer service while saving costs on account of interest outgo. During the current financial year the Income Tax Department has issued refunds over Rs. 1,17,000 crores. This figure is likely to further increase as banks reconcile the accounts.

CBDT is committed to ensuring world class taxpayer services through its e-governance programs and increasing the coverage and scope of electronic filing and processing of various forms and applications, it said.

Read more about: cbdt
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


Get Latest News alerts from Goodreturns