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Refunds worth Rs 4,250 crore issued in a week by CBDT

Over 10.2 lakh Refunds worth Rs 4,250 crore issued in a week by CBDT to help taxpayers in COVID-19 pandemic situation

In pursuance to the Government’s decision vide Press Note on 8th April 2020 to issue pending tax refunds up to Rs 5 lakh so as to assist taxpayers in a COVID-19 pandemic situations, the CBDT today said that it has already issued over 10.2 lakh refunds totalling to around Rs. 4,250 crore as on 14th April 2020. These refunds are over and above the 2.50 crore refunds already issued in FY 19-20 till 31st March 2020 totalling Rs 1.84 lakh crore.


The CBDT further said that about 1.75 lakh more refunds are within the process of issuance during this week. These refunds would get credited directly to the taxpayer bank account in 5-7 business days from issuance. However, in approximately 1.74 lakh cases, email responses are awaited from the taxpayers in process to reconciliation with their outstanding tax demand that a reminder email has been sent asking them to respond within 7 days in order that the refund are often processed accordingly.

It may be noted that these reminder emails from I-T department are actually for the advantage of taxpayers because it seeks them to verify their outstanding demand, their bank accounts and reconciliation of defect/mismatch before issue of refund.

The CBDT appealed that it is in the interest of taxpayers to provide a response to such emails at the earliest so that refunds could be processed and issued at the earliest. CBDT has requested taxpayers to check their email and login to their e-filing account to respond to the I-T Department immediately.

The CBDT also said that it has noted in a few media, including social media, some questions are being raised with regards to CBDT’s computerized email to the taxpayers to respond within 7 days for enabling the department to process their refund. In this regards, it is clarified that these are the necessary routine process related communications to the taxpayers to seek response on defective ITRs, prima-facie adjustments and where confirmation is sought about certain claims made by them. In all such cases, a fast response from the taxpayer would enable the I-T Department to process their refunds expeditiously.


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