IT Department to immediately issue all pending refunds upto INR 5 Lakh

Income Tax Department recently announced that it would be immediately issuing all the ending refunds up to Rs. 5 lakhs. This news has bought a significant relief to over 14 lakh taxpayers.

The side effects of the pandemic

The coronavirus pandemic has prompted a nationwide concern. To stop the spreading of the virus, the entire nation has been quarantined for 21 days. It has created a lot of problems for the economically weaker section and daily wage laborers. They are struggling to survive. Many of them are stuck in other cities, not getting proper meals and other essential goods and not even their salaries. To curb this issue government has stepped forward to help these people. 


Endless efforts for the smooth functioning

In the context of the ongoing situation of crisis where people are finding it challenging to meet both ends. The government has decided to give people relief from taxes. Even the pending GST and custom refunds will be released. A massive amount of Rs. 18K Cr is being released for the betterment of people. IT Department tweeted this big news and gave people hope of survival. 

Fighting back in the tough times

After the big announcement, people have felt relieved. Some of them are giving more suggestions to the government to make the scheme more useful. Some of them say that partial refunds must be given higher amounts to help the small businesses from sinking. 

People are openly sharing their concerns regarding any issues ad also demanding quick functioning to maintain smooth cash flow.

It is a situation of crisis, and everyone is trying their best to get things under control. As responsible citizens, we must do our parts. We must follow the instructions of the government as they will only benefit us. We must take all the necessary precautions to avoid the infection. As there is no proper treatment for this, precautions are of utmost importance.

Stay indoors and stay safe.

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Alongside her graduation, she is pursuing her passion for content writing. She is young, raw, and continuously thriving for the best. Her hobbies include debates and travelling. Despite these nerdy things, she also likes to netflix and chill.

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Devanshi Singh
Devanshi Singh
Alongside her graduation, she is pursuing her passion for content writing. She is young, raw, and continuously thriving for the best. Her hobbies include debates and travelling. Despite these nerdy things, she also likes to netflix and chill.

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