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Issue of IT Refunds of Smaller Amounts

News and Press Release - Dated:- 15-1-2016 - 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 ₹ 50,000/- expeditiously. As a result of the special drive to issue smaller refunds, 18,28,627 refunds below ₹ 50,000/- involving a sum of ₹ 1,793 crore have been issue .....

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