IT Department to release all pending income tax refunds up to 5 lakhs immediately ; Around 14 lakh taxpayers to benefit

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....T Department to release all pending income tax refunds up to 5 lakhs immediately ; Around 14 lakh taxpayers to benefit <br>News and Press Release<br>Dated:- 8-4-2020<br><BR>IT Department to release al....

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....l pending income tax refunds up to &#8377; 5 lakhs immediately ; Around 14 lakh taxpayers to benefit All GST & CUSTOM refunds also to be released ; to provide benefit to around 1 lakh business entiti....

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....es including MSMEs &#8377; 18,000 crore of total refund granted immediately In the context of the COVID-19 situation and with a view to provide immediate relief to the business entities and individu....

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....als, it has been decided to issue all the pending income-tax refunds up to &#8377; 5 lakh, immediately. This would benefit around 14 lakh taxpayers. It has also been decided to issue all pending GST ....

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....and Custom refunds which would provide benefit to around 1 lakh business entities, including MSME. Thus, the total refund granted will be approximately &#8377; 18,000 crore.<BR> News - Press release -....

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.... PIB....