ITR Refund: Good News for Taxpayers..Centre’s Key Decision on ITR Refund
Good News for Taxpayers on ITR Refund..CPC Key Decision on ITR Refund
Sweet treat for taxpayers. Henceforth, the refund will be issued faster. As per the new rules, the Assessing Officer will have to take a decision on issuance of refund within 21 days.
ITR Filing:
The central government has given sweet talk. The announcement was made to give relief to the tax payers. The Income Tax Department has recently reduced the time to 21 days for deciding on the adjustment of tax refunds due to the tax authorities. It can be said that this will give relief to the tax payers. Till now the tax authorities had a deadline of 30 days. But now this time limit has been reduced to 21 days, said Directorate of Income Tax (Systems). If the taxpayer does not agree to the refund adjustment or partially a...