As per Office Memorandum issued by CBDT, the Government has directed to Income Tax Officials to issue refunds in case where outstanding arrears are upto Rs. 5000/- without any adjustment for Asstt. Year 2013-14 and 2014-15.
The Government decided to provide relief to the small taxpayers for refunds by reduce grievances and enhance taxpayer satisfaction. The Central Board of Direct Taxes had issued instructions to the Central Processing Centre (CPC), Bengaluru and the field officers in December regarding refunds in cases where arrears demand upto Rs. 5000/- may be issued without any adjustment of outstanding arrears under section 245 of the Act during Fin. Year 2015-16.
Similarly, the non-CASS cases for these assessment years where the refund amount is more than Rs. 5000/- but the outstanding arrears is Rs. 5000/- or less may also be processed for issue of refund without any adjustment under section 245.
The Government decided to provide relief to the small taxpayers for refunds by reduce grievances and enhance taxpayer satisfaction. The Central Board of Direct Taxes had issued instructions to the Central Processing Centre (CPC), Bengaluru and the field officers in December regarding refunds in cases where arrears demand upto Rs. 5000/- may be issued without any adjustment of outstanding arrears under section 245 of the Act during Fin. Year 2015-16.
Similarly, the non-CASS cases for these assessment years where the refund amount is more than Rs. 5000/- but the outstanding arrears is Rs. 5000/- or less may also be processed for issue of refund without any adjustment under section 245.
