Press
Information Bureau
Government of India
Ministry of Finance15-January-2016 16:15 IST
Government of India
Ministry of Finance15-January-2016 16:15 IST
Issue of IT Refunds of
Smaller Amounts
In an
initiative to reduce taxpayer grievances and enhance the taxpayer satisfaction,
the Central Board of Direct Taxes had issued instructions to Central Processing
Center (CPC), Bengaluru and the field officers in December, 2015 to issue
refunds of amounts less than Rs.50,000/- expeditiously.
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.
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. Office
Memorandum F. No. 312/109/2015-OT dated 14th January 2016, conveying
these directions of CBDT is available on the website of the Department
www.incometaxindia.gov.in.
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