Master In Current Affairs Magazine

 J-T dept issuesrefunds worth 1.42lakh cr

Master in current affairs The Income Tax Department hi? issued refunds to the tune of1.42 Iak- cr so far in 2016-17 till Feb 10, which is 41. 5 percent higher than last year's the Centralised Processing Centre (CPC) of the tax department has already procceed over 4.19 cr income tax returns(ITRS)over 1.62 cr refunds during current financial year up to Feb 2017. masterin current affairs by mahindra As much as 92 percent of the refurds issued are below 50,000 due to re high priority given to expeditious of refunds to small taxpayers. OnIy 2 per cent of refunds less than 50,000 rersir: to be issued. A majority of these cases -elate to recently-filed ITRs or where the response to the department is suarred mahendracurrent affairs magazine subscription.