I-T ISSUES RS 25,000 CR REFUNDS; TO ISSUE MORE

PRESS TRUST OF INDIA

New Delhi, May 6: The Income Tax department has issued 40 lakh refunds worth Rs. 25,000 crore in the current financial year to taxpayers and orders have been issued to generate the remaining few lakhs soon.
 Central Board of Direct Taxes (CBDT) Chairman Sudhir Chandra gave the figures while addressing the top brass and officials of the I-T department across the country through video-conferencing from his North block office in New Delhi on Friday.
 He said the department has successfully achieved the tax collection target of Rs. 4.46 crore despite issuing 85 lakh refunds worth Rs. 74,000 crore in 2010-11.
 Chandra, during his about two-hour-long conference, asked the I-T officials to rectify all Tax Deducted at Source (TDS) mismatch applications and improve taxpayer facilities with regard to issuing refunds.
 According to a senior I-T official, he also asked the department officials to improve the condition of Income Tax offices after he recently found out the poor maintenance of the offices in a surprise visit.

Lastupdate on : Fri, 6 May 2011 21:30:00 Makkah time
Lastupdate on : Fri, 6 May 2011 18:30:00 GMT
Lastupdate on : Sat, 7 May 2011 00:00:00 IST



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