Income Tax told to expedite refund below Rs. 50,000

By Abha Manakatala - Mon Dec 07, 12:47 pm

tax-returnThe Income Tax department has been directed by the Central Board of Direct Taxes to expedite issuance of pending refunds which are below Rs 50,000 in order to reduce taxpayer grievances.

Following a review of the status of outstanding refunds, the Central Board of Direct Taxes has issued directions to its field formations to expedite the issue of pending refunds below Rs 50,000 for assessment years 2013-14 and 2014-15 in all such cases which have not been selected for scrutiny.

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