Income Tax department expedites clearance of pending issue of refunds

Updated:1 month, 1 week ago IST

New Delhi, Jul 04 (ANI): The Income Tax Department on Wednesday notified that processing of more than 99 per cent of refund under the income-tax returns has been cleared with effect and rectification. "More than 20,000 such matters were disposed of and refunds were issued to the taxpayers, wherever due," stated the Income Tax Department. The Income Tax Department observed a dedicated fortnight from 1st to 15th June, 2018 to expeditiously clear pending matters of appeal effect and rectification. "Seeing the success of this initiative, the special drive was extended in certain regions up to 30th June, 2018," added the statement. Further, large amounts of refunds have also been issued consequent to processing of income-tax returns. More than 99 per cent of all refund claims pending for processing as on June 30, 2018 have already been processed and the refunds due have been issued to the taxpayers.

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