https://www.taxtmi.com/news?id=22753 CBDT implemented a government directive to expedite issuance of pending income tax refunds up to Rs. 5 lakh as COVID 19 relief, disbursing over 10.2 lakh refunds totaling around Rs. 4,250 crore by 14 April 2020 and processing additional refunds. Refunds are credited to bank accounts within 5-7 business days from issuance. Approximately 1.74 lakh cases await taxpayer responses to reconciliation emails seeking confirmation of outstanding demands, bank details, and defect reconciliation within seven days; such computerised emails are routine procedural steps to enable refund processing. en-us Wed, 15 Apr 2020 17:58:33 +0530 Wed, 15 Apr 2020 17:58:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22753 CBDT implemented a government directive to expedite issuance of pending income tax refunds up to Rs. 5 lakh as COVID 19 relief, disbursing over 10.2 lakh refunds totaling around Rs. 4,250 crore by 14 April 2020 and processing additional refunds. Refunds are credited to bank accounts within 5-7 business days from issuance. Approximately 1.74 lakh cases await taxpayer responses to reconciliation emails seeking confirmation of outstanding demands, bank details, and defect reconciliation within seven days; such computerised emails are routine procedural steps to enable refund processing. News - Wed, 15 Apr 2020 17:58:33 +0530 https://www.taxtmi.com/news?id=22753