Mar 10, 2010
The government today said around
49 lakh cases of income tax refunds are
pending with the revenue department.
“Total number of pending refund returns (up to
January 2010 is 49 lakh. The statutory time limit
to process the return and issue refund in financial
year 2009-10 is March, 31, 2011,” minister of state
for finance SS Palanimanickam informed the
Rajya Sabha in a written reply.
Normally after receipt of returns, processing of returns
and issuance of refund is completed in due course,
he said, adding however, difficulties are encountered in
some cases due to various reasons like wrong PAN,
illegible recording of address, incorrect particulars about
bank account etc.
Pointing out that processing of refund is a continuous
process, he said, the returns received during 2008-09
would be processed by March 31, 2010.
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