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Business EconomyPosted at: Apr 4 2016 2:46PM


CBDT processed over 4.14 cr ITR cases in FY 2015-16

New Delhi, Apr 4 (UNI) Committing to provide world class taxpayer services, the government today said that the Centralised Processing Centre (CPC) of CBDT has processed over 4.14 crore income tax returns (ITR), an increase of 35 per cent over the last fiscal.
The Finance Ministry in a statement said that the Central Board Direct Taxes (CBDT achieved significant success in delivery of taxpayer services in Financial Year 2015-16, a record setting year in delivery of taxpayer services.
The Centralized Processing Centre (CPC) at Bengaluru processed more than 4.14 crore Income Tax returns, an increase of over 35 per cent over the previous year.
The CPC also issued over 1.61 crore refunds above Rs 100 to taxpayers, an increase of more than 47 per cent over the previous year.
The CPC issued refunds to the tune of Rs 37, 870 crore in an automated manner of which 67 per cent were issued within 30 days.
During the current financial year the Income Tax Department has issued refunds over Rs. 1,17,000 crore. This figure is likely to further increase as banks reconcile the accounts, the ministry added.
CBDT has also requested the taxpayers who have not received their refunds to immediately check whether they have submitted their ITR-Verification (ITR-V) form to CPC Bengaluru.
It further added that the taxpayers can also electronically verify their return using Electronic Verification Code (EVC) instead of submitting ITR-V by post for faster result. Almost 79 lakh taxpayers have used this facility.
The finance ministry also added that the taxpayers also reposed faith in CBDT’s e-governance initiatives by electronically filing a whopping 4.34 crore Income Tax returns in FY 2015-16, an increase of over 26.83 per cent over the last year.
In addition, over 73.16 lakh other online forms were filed with an increase of nearly 100 per cent compared to the previous year.
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Tags: #CBDT processed over 4.14 cr ITR cases in FY 2015-16
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