Policy

I-T refunds to be put in bank accounts

PTI New Delhi | Updated on January 24, 2018 Published on June 23, 2015

The Income Tax department has put in motion a new plan which will ensure that any refund on tax paid is safely deposited in their personal bank account as soon as it is processed and released.

The department is also planning to fully adopt and use banking services to end the current system of sending I-T refunds over the value of ₹50,000 via cheques through the postal department.

CBDT Chairperson Anita Kapur, during a recent interaction with the media, said the plan is being worked out on priority and is aimed at bringing an end to taxpayers’ grievances regarding this particular service.



Published on June 23, 2015
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