Income Tax Department To Release All Pending IT Refunds Up To Rs. 5 Lakhs Immediately; All GST & Custom Refunds Also To Be Released [Read Press Note]

The Central Government has decided to issue all the pending income-tax refunds up to Rs. 5 lakh immediately, with a view to provide immediate relief to the business entities and individuals amid the lockdown. The move will benefit around 14 lakh taxpayers. It has also been decided to issue all pending GST and Custom refunds which would provide benefit to around 1 lakh...