CENTRAL GOVERNMENT EMPLOYEES NEWS - CG STAFF NEWS, 7th PAY COMMISSION NEWS

  • Home
  • Pay Matrix CG Staff
  • Pay Matrix Defence
  • Expected DA
You are here: Home / Income Tax / Income Tax Refunds – Parliament Q&A

Income Tax Refunds – Parliament Q&A

August 14, 2018 by Sony Leave a Comment

Income Tax Refunds – Parliament Q&A

LOK SABHA
UNSTARRED QUESTION NO: 1751
ANSWERED ON: 27.07.2018

PRASUN BANERJEE
(a). the average time taken for Income Tax refunds; and

(b). the details of all pending IT refunds since 2014 and the number of people awaiting IT refunds as on date?

ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI SHIV PRATAP SHUKLA)

(a). In the current financial year, the Centralized Processing Center (CPC) of the Income Tax Department, Bengaluru has taken on an average 43 days to process the income-tax returns of Assessment Year 2018-19. Separate data of average time taken in respect of returns involving claim of refund is not available. However, 83% refunds in the current financial year were issued by CPC within 60 days of filing of return.

(b). Out of all eligible refund claims filed in FY 2017-18, CPC has already processed 1.93 Cr cases. Out of the total eligible refund claims pending as on 01.04.2018, only 1.86 Lakh are pending to be issued by CPC as on 24.07.2018. Processing for eligible refund claims filed in the current financial year has already been completed in 17.92 lakh cases and processing in 19.61 lakh cases is under progress. Eligible refund cases are those cases where the return of income is free from any defect, the response of taxpayer to any notice for adjustment of income or outstanding arrears is not pending and the case is not covered under scrutiny.

Authority: https://loksabha.nic.in/

Filed Under: Income Tax Tagged With: 7th CPC News, Income Tax, Income Tax Refunds

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • 7th CPC HRA to PBOR of CAPF and Assam Rifles belonging to Nepal and Bhutan
  • Announcement on DA from July 2019: Why getting delay?
  • Major amendment in Pension Rules – Great relief in embarrassing period for pensioners
  • DA Tool for January 2020
  • All India Consumer Price Index Number for the month of July 2019
  • Expected DA from July 2019 is over! Next story starts…
  • In case of beneficiaries are self-employed, income certificates may be accepted for family pension
  • Constitution of Regional Council under JCM Scheme in all postal Circles – DoP
  • Clarification on ACP Benefit from GP 4200 to 4600 from 1.1.2006
  • CG offices shall not be closed on Local body elections
  • NISHTHA Website, Training Modules, Primer Booklet and a Mobile App were also launched by the Minister
  • Children Education Allowance for Central Government Employees – An Overview
  • Exemption from payment of examination and application fee for Persons with Benchmark Disabilities – Dopt orders Aug 2019
  • Corporatisation of OFB – Setup High Level Official Committee
  • Latest Comments from Central Govt Employees – Aug 2019
  • 11th Bipartite Wage Revision Settlement – UFBU demanded 20% Pay Hike
  • Pay Scale conversion tables are very needful reference for Pensioners to fix the basic pension as per the recommendations of pay commissions
  • Office Leave and Office Holiday Table for the month August 2019
  • Erstwhile Postal Dispensary now merged with CGHS Wellness Centre in Dibrugarh
  • NTA releases the schedule of examinations to be conducted by it between December 2018 to May, 2019

Copyright © 2019 · eleven40 Pro Theme on Genesis Framework · WordPress · Log in