NEW DELHI: In a taxpayer friendly move, the Government has directed Income Tax officials to issue refunds in cases where outstanding arrears are up to Rs 5,000 without any adjustment.
In an initiative to reduce taxpayer grievances and enhance the taxpayer satisfaction, the Central Board of Direct Taxes had issued instructions to Central Processing Centre (CPC) – Bengaluru and the field officers in December to issue refunds of amounts less than Rs 50,000 expeditiously.
“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,” the CBDT said.
As a result of the special drive to issue smaller refunds in December, as many as 18,28,627 refunds below Rs 50,000, involving a sum of Rs 1,793 crore, have been issued between December 1, 2015 and January 10, 2016, the CBDT said.
These refunds relate to assessment years 2013-14 to 2015-16. (AGENCIES)
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