Tax Payers Will Now Get Income Tax Refunds in 7 to 10 Days in their Bank Account

The Income Tax Department of government of India has recently announced that it will now process and send the refunds of income tax in a quick time period of 7 to 10 days to the bank accounts of the tax payers. This good news came into notice after the success of newly launched electronic and Aadhar based ITR verification. The latest initiative taken by the IT department to verify the income tax return by Aadhar or other bank database has received remarkable response from the tax payers.

Also, the newly launched Aadhar based paperless digital signature certificate, has also received positive response from the people. More and more number of tax payers are giving preference to this advanced digital signature certificate. DSCKart which is a leading Digital Signature Provider in Delhi has issued higher number of Aadhar based digital signature certificate in comparison with the traditional paper based digital signature certificate.

Although, this newly launched digital signature certificate is only available for ITR filing, its popularity is increasing with every passing day. People are now demanding for the Aadhar based paperless Digital Signature Certificate for e-Tendering. It is expected that the Controller of Certifying Authority (CCA) will soon launch the paperless Aadhar based digital signature certificate for other purposes too. Moving on, the newly launched Aadhar based paperless digital signature certificate has helped the IT department to process the assessment.

Hence, it has made the decision to send the refunds into the bank accountants of the eligible tax payers within the 15 days time period. You can now say that the days are gone when the IT refunds were used to take months or in some case even few years. The newly introduced digital verification of income tax return has come as a dream come true for the tax payers. It is also being considered as the customer-friendly and a toke of thanks to the tax payers. A top IT official of the IT department who is involved in these operations considers this new decision as the best way forward in the administration of tax affairs in the country.

As per the Income Tax Department, 2.06 crore returns were received on e-filing portal in the previous year i.e. 2015. This number is more than 26.12% in comparison with 2014 when a total of 1.63 crore returns were filed online. Moreover, the Central Processing Center (CPC) of India’s IT department issued the income tax refunds to 22.14 lakh taxpayers in September 2015. It is expected that this new step will change the income tax return filing in India.

For more information about the digital signature certificate, visit the official website of India’s leading DSC Provider, DSCKart: http://www.dsckart.in/