Over a month later, Chandra issued another directive which stands to benefit lakhs of tax papers in the country waiting for their refund cheques to come. The CBDT chairman has now directed all chief commissioners to upload necessary data so that the refunds could be issued expeditiously, said an official release. Significantly, it will be for the first time that most income tax refunds of the current assessment year will be dispatched to the taxpayers within the current financial year itself. All taxpayers who have filed e-returns and whose refund claim is below Rs 10 lakh would be issued their income tax refunds by March 2011. The move is significant as many tax payers receive their refund money only after a few years of the assessment year.
Significantly, the CBDT chairman’s room has a historical bearing as
’s last viceroy Lord Louis Mountbatten used it during the World War II. An inscription in the room says: “Admiral The Lord Louis Mountbatten, G.C.V.O.K.C.B.D.S.O.A.D.C. Supreme Allied Commander South East Asia Command occupied this room from October 1943 till April 1944 and thereafter when present in New Delhi until the end of the War against Japan. The emblem of the South East Asia Command is also carved on the plaque within the pillared balcony outside this room.” (In picture: CBDT chairman’s corner room in North Block reminds of colonial power-center) India
Shashi Kant Sharma appointed as new financial services secretaryShashi Kant Sharma, a 1976 batch