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Income Tax issues refunds worth Rs 70,000 Cr

By TIOL News Service

NEW DELHI, JULY 04, 2018: THE Income Tax Department observed a dedicated fortnight from 1st to 15th June, 2018 to expeditiously clear pending matters of appeal effect and rectification. More than 20,000 such matters were disposed of and refunds were issued to the taxpayers, wherever due. Seeing the success of this initiative, the special drive was extended in certain regions up to 30th June, 2018.

Further, large amounts of refunds have also been issued consequent to processing of income-tax returns. More than 99% of all refund claims pending for processing as on 30.06.2018 have already been processed and the refunds due have been issued to the taxpayers. In all, refunds in 45.07 lakh cases have been issued during April-June, 2018, which is 9.0 lakh more than the refunds issued during the same period last year. More than three lakh refunds of Assessment Year 2018-19, for which returns have been filed only in last few weeks, have also been issued.

More than Rs.70,000 crore of refunds have been issued to the taxpayers as a result of the special drive and expeditious processing of returns involving claim of refunds. Central Board of Direct Taxes is committed to constantly reducing the service delivery timelines, expeditiously resolving the grievances of the taxpayers and improving the overall level of taxpayer service.


 RECENT DISCUSSION(S) POST YOUR COMMENTS
   
 
Sub: income tax issues refund worth rs 70,000 cs

wah, kya kehne hai.
mere client ka refund 16,00,000 rs ka abhi tak nahi aaya.time se return file hua sep 17 men . wait karte rahe.site par likha aata raha ki under process.
modi ji par bharosa tha isliye chupchaap baithe rahe.
february men client company ka name change hua. MAY MEN SITE YE BATANE LAGI KI DEFECTIVE RETURN HAI.

kya kehne govt ke. reply bhi de diya online submission bhi kiya.ek mahina ho gaya. koi refund nahi aaya.

ab is 70 000 cr ka mai kya karun.

Posted by Navin Khandelwal
 

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