“We are not interested in holding up small returns.” “For large taxpayers, if it is a scrutiny case, then we have to hold it as per law till the scrutiny assessment is over but not for small taxpayers if their ITRs are all correct,” she said. I will say we don’t hold refunds for small taxpayers,” said the chief of CBDT, the apex policymaking body of the I-T department.
But then there is a misinformation campaign that we hold refunds.
“We tell the taxpayers that in e-file returns we take a maximum of six months to process it if you have a clean return and no TDS mis-match. Ms Kapur, in an interview to PTI, said in cases of neatly filed electronic income tax returns (ITRs), the department has set a deadline of six months for refunds to be generated and sent to the taxpayer.
New Delhi: The Income Tax Department does not withhold refunds of small taxpayers nor does it generally select their tax returns for scrutiny and detailed analysis, the Central Board of Direct Taxes (CBDT) has said in an attempt to dispel two of the biggest concerns of this category of assessees.ĬBDT Chairperson Anita Kapur said she would like to bust the myth and “fear psychosis” that once people file their tax returns, they automatically come on the radar of the taxman and then they are tracked.
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