« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Why you need not rush to file your ITR immediately «  Revenue dept offers excise pay options... Imported software may get dearer... » Faster refunds for I-T returns filed at POs September, 07th 2006 All those who have filed their income tax returns at nearby post offices may be in for a pleasant surprise. They may get their refunds ahead of those who filed their returns at income tax offices. The revenue department is working out a system, under which designated officers will be appointed to assess the post office returns irrespective of the zonal jurisdiction of the assessees, and issue refund orders. Only in the case of refunds, which are more than Rs 25,000, would the returns be sent to the zonal assessing officer for cross verification of information. In fact, even income tax returns filed online may also be able to get their refunds early, sources told ET. Earlier, department spokesperson said refunds have to be processed within four months. Currently if a person in one zone files returns in another zone, the returns and PAN have to be transferred to the assessing officer to which the individual belongs. The designated officer would be nominated for all the 36 cities which are networked and have data servers of the tax department. This could act as a precursor to the zone-free filing of returns, which the department aims to switch over to by next fiscal. The zone-free filing would happen when the department switches to single server from 36 currently. Income tax department received over 1.26 crore individual returns as against 77 lakh last year. Though the facility to file returns through post offices was introduced only six days before the July 31 deadline, the department has received over four lakh returns through this route.