Income tax assesseess may soon hope to get their refund amounts earlier than they are used to now. The income tax department will be coming up with a central processing centre in Hyderabad, which may help in early assessment of income, followed by early refunds. The facility, being developed in association with IT major Infosys, is expected to be inaugurated in a couple of months, said chairman of the central board direct taxes SSN Moorthy. He was in the city-based National Academy of Direct Taxes (NADT) to address the valedictory function of the 61st batch of Indian Revenue Service (IRS) officers.

Moorthy said the processing centre will lead to clearing of refund cases in a couple of months. The process currently takes at least four months and may go even longer.

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Revenue secretary P V Bhide, who was the chief guest for the valedictory function, added that the direct tax collections in the country have touched Rs 3,37,000 crore, which is more than the previous year’s figure of Rs 3,12,000 crore, but lesser than the budget estimates by Rs 8,000 crore. Most of the tax mop was through surveys and clearing of pending appeals.

The indirect tax collections have been at Rs 2,65,000 crore, which is lesser than the previous year’s tally of Rs 2,81,000 crore. The budget estimated of Rs 3,20,000 crore has also been missed.

This is mainly because of the 4% excise duty cut in order to beat the slowdown. With the cut, it was expected that the indirect tax collections would come down to the present level, added Bhide.

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0 responses to “To speed up Refund processing, IT dept coming with CPC,Hyderabad”

  1. pramod mittal 9460166775 says:

    The above plus point and good news use for refund holder.

  2. pramod mittal 9460166775 says:

    This is good thing for fast service

  3. Sadum Jayadeva says:

    Sir, I am S.JAYADEVA PAN No: ANMPS4188A sorry for the inconvenience at the time unable to stay at the address because we shifted the house before 6 months. while sending the time i am not available there, please kindly send me my cheque again to this below address:

    S.Jayadeva H.No:- 6-67, Ratnam Nilayam, Opp.Indira Residency, Back Venkateswar Temple, Chandanagar-Hyderabad-500 050, Cell +919912745290

  4. MANOJ says:

    RESPECTED SIR
    MOST RESPECTFULLY I WOULD LIKE TO SAY YOU THAT I HAVE E-FILED MY INCOME TAX RETURN FOR ASSESSMENT YEAR – 2011-2012 / 11/07/2011 ACK NO – 232125640110711 & I HAVE ALREADY RECEIVED AN INTIMATION U/S 143(1) BY INCOME TAX DEPARTMENT AS ON 18/11/2011 ACCORDING TO INTIMATION LETTER REFUND AMOUNT OF RS 9010.00 HAS BEEN DETERMINED BY DEPARTMENT BUT I HAVE NOT GET MY REFUND. PLEASE SEND MY REFUND.
    THANKING YOU MANOJ SINGH BISHT
    S/O BHUPAL SINGH BISHT
    PAN – AUHPM1567D

  5. SAYYED ELIYAS SHAIKH says:

    kindly our refund as soon as possible

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