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Kerala Kaumudi Online
Friday, 10 July 2020 1.28 PM IST

All pending Income Tax refunds up to Rs 5 lakh to be released Immediately

income-tax

In a measure that is expected to provide relief to the taxpayers amid the outbreak of deadly coronavirus (COVID-19), the government on Wednesday decided to release all pending income tax refunds up to Rs 5 lakh immediately.

The latest move by the finance ministry comes after the government last month decided to provide a fiscal stimulus package worth Rs 1.7 lakh crore to help the poor and migrants tackle the financial difficulties arising from the coronavirus (COVID-19) outbreak, and the 21-day nationwide lockdown that began the previous day.

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TAGS: ALL PENDING INCOME TAX REFUNDS, INCOME TAX REFUNDS UP TO RS 5 LAKH TO BE RELEASED
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