Income tax refund to be issued within 3 months | Income tax refund failure status

Google+ Pinterest LinkedIn Tumblr +

The Central Board of Direct Taxes (CBDT) on Thursday said it has reduced the time period for tax refunds to three months and would take steps to release arrear payment as fast as possible.

“We have brought down time for refund…Timing of rectification at the Central Processing Centre (CPC) level has been brought down to 3 months and so,” CBDT Chairperson Poonam Kishore Saxena said.
In the current financial year as on August 2012, the number of refunds disbursed stood 33.51 lakh, out of which 33.15 lakh refunds were executed through bank facility.

In case of refund bank facility, refund directly goes to account of concerned assessee. In the login itself Income tax department has enabled status of refund failure .


About Author a financial blog in existence from past 18 years providing tax professional, Tax payers, General public useful information in their day to day activities . In this blog we even permit guest authors to publish their articles in relevant subject.

1 Comment

  1. These small business owners want help keeping in compliance in the latest jingle skit created by Tax Defense Network. They get the Offspring's "Come Out and Play" and ingeniously make it about taxes and staying up-to-date with the IRS. Also, there is a lot of thoughtful answers to the greatest widely asked questions from small-business owners. Look into what their concerns are and jam out to the tunes at

Leave A Reply