Issue of IT Refunds of Smaller Amounts
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 Rs.50,000 expeditiously.
As a result of the special drive to issue smaller refunds, 18,28,627 refunds below Rs.50,000 involving a sum of Rs.1,793 crore have been issued between 1st December 2015 and 10th January 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 refunds up to Rs.5,000/-, and refunds in cases where outstanding arrears are up to Rs.5,000 may be issued without any adjustment of outstanding arrears.
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