Discontinuance of Advice Notes for tax refund.

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....dure for issue of Refund Orders was detailed : (i) DOMS Circular No. 39 dated 15.7.1980. (ii) DOMS Circular No. 54 dated 16.12.1987 (iii) DOMS Instruction No. 58 dated 8.2.1988 (iv) CBDT Instruction No. 15/2003 dated 6.11.2003 2. With a view to improve Taxpayers service, the Board has decided to discontinue the system of sending Advice Notes to the bank separately in cases of refunds up to Rs....

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....ia with their respective MICR codes. (b) Issue of new type of refunds stationery for different direct taxes : (i) for refunds up to Rs. 24,999/- (one refund cheque for assessee and one counterfoil to be retained by the Assessing Officer). (ii) for refunds of Rs. 25,000/- and above (one refund cheque for assessee, one advice note to be sent to the Main Branch of State Bank of India and one count....

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....hover to the new system. Necessary steps for distribution of new refund stationary, surrender of unused old stationary and informing the assessing officer of the new procedure of issuing refund orders have to be taken by the Chief Commissioner/directors General. 5. The monetary ceiling of Rs. 24,999/- for issuance of refunds without an Advice Note would also apply to Wealth Tax, Gift Tax and all ....