Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: cpt :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: form 3cd :: ACCOUNTING STANDARD :: VAT Audit :: articles on VAT and GST in India :: VAT RATES
News Headlines »
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol
 6 Tax notices you may get and how to cope with them Income Tax Notice
 Deadline to pay advance tax ends tomorrow: Here is a step-by-step guide
  Central Goods and Services Tax (Second Amendment) Rules, 2018
 Income Tax Return Filing Deadline: Waiver On LTCG Tax To End On 31 March. Details Here
 Income tax returns (ITR) filing: Top mistakes that can be very costly
 Income Tax Return (ITR) filing: 6 last-minute things you can still do to save tax for FY17-18
 How to file Income Tax Returns online in 5 simple steps

Issue of refunds of smaller amounts
February, 11th 2016
                          Government of India
                          Ministry of Finance
                        Department of Revenue
                      Central Board of Direct Taxes

                            PRESS RELEASE

                                                      New Delhi, 15th January, 2016

Subject: Issue of refunds of smaller amounts - regarding.

        In an initiative to reduce taxpayer grievances and enhance the taxpayer
satisfaction, the Central Board of Direct Taxes had issued instructions to Central
Processing Center (CPC), Bengaluru and the field officers in December, 2015 to issue
refunds of amounts less than Rs.50,000/- expeditiously.

       As a result of the special drive to issue smaller refunds, 18,28,627 refunds
below Rs.50,000/- involving a sum of Rs.1,793 crore have been issued between
1st December, 2015 and 10th January, 2016. These refunds relate to Assessment years
2013-14 to 2015-16.

        In order to further expedite the process of issue of small refunds, CBDT has
also directed CPC-Bengaluru and the field units that refunds up to Rs.5,000/-, and
refunds in cases where outstanding arrears are up to Rs.5,000/- may be issued without
any adjustment of outstanding arrears. Office Memorandum F. No. 312/109/2015-OT
dated 14th January 2016, conveying these directions of CBDT is available on the
website of the Department

                                                                  (Shefali Shah)
                                          Pr. Commissioner of Income Tax (OSD)
                                                  Official Spokesperson, CBDT
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions