Tuesday, September 3, 2013

Govt nod to I-T dept for tax refunds

The income tax department has resumed “normal refund payments” for 2011-12 after an informal goslow advisory was reversed. At the same time, the offices have been asked to expedite refunds of up to Rs 50,000 for the last financial year although the bulk of tax returns were received by August 5. The move is aimed at ensuring that individual taxpayers are not adversely affected by any delays in refunds. Sources said the green light for all refunds has come from the highest level with field offices instructed to clear pending dues..............


Read - TOI

No comments: