Tax refunds now to be paid within 3 months - September 12, 2012

Admitting that the Central Board for Direct Taxes (CBDT) is not as assiduous as it should be, CBDT’s spokesperson Poonam Saxena evinced that the Board has reduced the period for payment of tax refunds to three months.

Admitting that the Central Board for Direct Taxes (CBDT) is not as assiduous as it should be, CBDT’s spokesperson Poonam Saxena evinced that the Board has reduced the period for payment of tax refunds to three months. CBDT has begun to make corrective efforts such as fortnightly demand correction, computerisation and making as many payments from bank facility.

Source:www.indianexpress.com, September 12, 2012. “CBDT promises tax refund in three months”

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