CPC has issued instructions for refund of smaller amounts: CBDT

New Delhi, Jan.15 (ANI): To reduce taxpayer grievances and enhance taxpayer satisfaction, the Central Board of Direct Taxes (CBDT) has issued instructions to the Central Processing Center (CPC), Bengaluru, to issue refunds of amounts less than Rs.50,000.

According to its release, the CBDT is conducting a special drive to issue smaller refunds.

In total of 18,28,627 refunds below Rs.50,000 involving a sum of Rs.1,793 crore have been already issued between December 1, 2015 and January 10, 2016, it said.

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. (ANI)

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