TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Income Tax Refund Procedure Updated: No Signature Needed on MICR Cheques in Metro Areas, Streamlining Bank Processes.</h1> The circular announces a change in the procedure for income-tax refund orders. Previously, payees had to sign on the reverse of the refund order, but this requirement is now removed for orders issued as cheques processed using Magnetic Ink Character Recognition (MICR) technology. This change is intended to reduce unnecessary workload for banks as the previous requirement did not serve a specific purpose. The modification applies only to refunds processed in metropolitan areas with MICR technology, while the conventional procedure remains for other areas.
TaxTMI 
TaxTMI 
