Income Tax Refund : Salaried Tax Payers use this facility upto 31st August

I-T Refund' fortnight from August 16 to 31

The Income Tax Department will observe the second fortnight of August 2010 as ‘I-T Refund' period to solve the long pending complaints of the salaried tax payers up to the assessment year 2008-2009, said Prema Malini Vasan, Chief Commissioner of Income Tax on Wednesday.

“I-T Refund fortnight will be observed throughout the State from August 16 to 31. Our officers will sit with the assessees and solve the issue across the table. Currently, we have around 2,200 complaints pending with the department with regard to non-receipt of refunds for a long time,” Ms. Vasan told The Hindu.

Department officials have requested the aggrieved salaried tax payers to bring along with them the original TDS certificate, Form 16, PAN card, TAN number, bank account details and current postal address. Additionally, tax payers can view their tax credit status by logging on to www.tin-nsdl.com, the officers said.

Inaugurating the four-day Special Return Receipt Counters at Aayakar Bhavan, Ms. Vasan said that she expected more than 2.5 lakh salaried assessees to make use of the facility. The salaried tax payers of Tambaram and Kancheepuram Income Tax office can also make use of the facility. Recently, the department opened special counters at eight different places in the city in which more than 40,000 assessees filed their returns.

At Aayakar Bhavan, 40 Special Return Receipt Counters and 20 help desks have been set up to help the tax payers that would be manned by 25 officers, 250 staff and some volunteers. Separate counters have been set up for senior citizens and differently-abled persons. The counters will operate from 9.45 a.m. to 5.30 p.m. on each day till Saturday. At Tambaram, 14 special counters are manned by 14 officers and 50 staff.

“So far, the department has collected 22 per cent of taxes for the financial year 2010-2011 amounting to Rs.5,500 crore. The target for this year is Rs.28,150 crore against Rs.25,000 crore for last year,” she said.

Last year, 2.51 lakh assessees made use of the special counters. In all, the department last year received more than 18.67 lakh paper returns and 4 lakh assessees e-returns.

Source: The Hindu

Refund of income tax by April assured

Refund of income tax by April assured

Refund of income-tax to assesses for the period ending 2008-09 will be effected by April, said R. K. Kakkar, Commissioner of Income-Tax, Tiruchi.

Speaking at a meeting on ‘Analysis of Union Budget 2010’ organised by Confederation of Indian Industries, Tiruchi Zone, here on Wednesday, Mr. Kakkar said that the Income-Tax Department has made all arrangements for refund of income-tax due till 2008-09. Any assesses not getting the refund due by the end of April, could contact him or his office for immediate action, he said.

On the budget proposals for 2010-11, Mr. Kakkar said that the widening of the tax slab would benefit the salaried persons in a big way. It also encouraged savings through investment on long-term infrastructure bonds. Promotion of research and development would enhance competitiveness of our country’s economy in the global scenario, he added.

S. Jaikumar, an advocate, said that the introduction of service taxes would evoke a mixed result. While the tax plan on cultural or commercial events, involving huge sum of money for the organisers or sponsors, would bring adequate revenue, the proposed tax on domestic air travel would cripple the domestic air services which were already incurring losses.

G. Rajendran, Superintendent of Customs, said that the Tiruchi air-port should be developed into a full-fledged air-cargo complex with additional infrastructure.

P. Kalaiazhagan and V. Sathiyanarayanan, both Superintendents of Central Excise and Leo Ananth J., Chairman of Confederation of Indian Industries, Tiruchi Zone, spoke.
Source: The Hindu