Immediate I-T refund of amount up to Rs 5,000 to Taxpayers by 31.01.2016
The government has ordered that income tax refunds of up to Rs 5,000 should be made immediately in its latest attempt to clear the backlog that the NDA had inherited. The Central Board of Direct Taxes ordered that small value refunds should be made without adjusting for outstanding arrears. Last month, it had asked the…