Personal Finances In India 2011

Friday, January 28, 2011

Only a month Tax Refund

Kolkata and Pune will become the center Now having just returns processing center in Bangalore,E - return to pay refunds to those who will soon fillThese days, the account of political parties in the IT department is busy crawling. If these mistakes were found, then the income tax department to get the group discounts may be over. Chief Election Commissioner has asked the department of nearly 1200 registered teams only 200 are active. The remaining parties in a way income tax exemption has been misused. CBDT Chairman said that he has received some complaints related to political parties. If a team not lived up to standards so it can have loss of tax exemption. Income Tax department refunds are coming Joha distribute news for millions of people relaxed. Government refunds back in a month plan is working. Central Board of Direct Taxes (CBDT), the blueprint for the next financial year to have it implemented. The three new central processing center where it will be made online by filling those returns without special arrangements for refunds will be delayed.According to CBDT chairman Sudhir Chandra try that little - small refunds should be disposed of in a month. Although he did not clear the small amount of refunds, be sure to indicate that this category will come all salaried. He said that Central tax processing center in Bangalore, the center lines of the three will be made. The Centre Manesar in Haryana, Pune in Maharashtra and West Bengal in Kolkata will become. Manesar and Pune, the center will be ready in a year.
Kolkata's center will be ready in two years. After preparation of all center in Bangalore, southern region, Manesar in the northern, Pune in the western and eastern region of Kolkata will be the processing of returns. E in these offices - will be the processing of returns throughout the month of the tax payer will be credited to the account refunds. Bangalore center was launched in May last year where just the processing of returns across the country are filled online.

Comptroller and Auditor General (CAG) for the delay in the refund of income tax department had pulled strong. He said that many countries in 45 days, the refund is paid while in India people have to wait for 18 months. CBDT Chairman said that all kinds of trying to pay refunds to be in 45 days. The number of employees is being increased.

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