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TMI BlogIssue of IT Refunds of Smaller AmountsX X X X Extracts X X X X X X X X Extracts X X X X ..... Issue of IT Refunds of Smaller Amounts - News and Press Release Dated:- 15-1-2016 - News - In an initiative to reduce taxpayer grievances and enhance the taxpayer satisfaction, the Central Board of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 issued between 1 st December, 2015 and 10th January, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2016. These refunds relate to Assessment years 2013-14 to 2015-16. In order to further expedite the process of issue of small refunds, CBDT has also directed CPC-Bengaluru and the field units that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... refunds up to ₹ 5,000/-, and refunds in cases where outstanding arrears are up to ₹ 5,000/- may be issued without any adjustment of outstanding arrears. Office Memorandum F. No. 312/109/20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 15-OT dated 14th January 2016, conveying these directions of CBDT is available on the website of the Department www.incometaxindia.gov.in . - News - Press release - PIB Tax Management India - taxm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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