DECISION TO EXPEDITE PENDING REFUND CLAIMS
The CBDT has decided to expedite the processing of pending refund claims to provide relief to taxpayers amidst the COVID-19 pandemic.
This decision is expected to benefit around 14 lakh taxpayers who have filed their returns but are yet to receive their refunds.
The CBDT has instructed its officers to issue all pending refunds up to Rs. 5 lakh immediately.
This move is expected to provide liquidity to taxpayers who are facing financial difficulties due to the pandemic.
The CBDT has also directed its officers to process all refund claims above Rs. 5 lakh expeditiously.
The decision to expedite pending refund claims is in line with the government's efforts to provide relief to taxpayers during the pandemic.
The CBDT has urged taxpayers to file their returns early and verify their tax returns online to avoid any delays in processing their refunds.
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