Monday, December 26, 2005

Tax refunds to be credited through ECS

The Central Board of Direct Taxes (CBDT) will send tax refunds directly to the taxpayers' bank account from June 2006, provided the bank account number is furnished by an assessee for this purpose, M. S. Darda, CBDT Chairman, said here on Friday.

Read the full story here.


Blogger Narayanan Venkitu said...

Very nice idea. I like it.

But...knowing the tax evaders ...IMHO many won't want to give their bank acct. No.

Tue Dec 27, 02:28:00 AM 2005  
Blogger Jayan said...

@Narayan : I thought the skeleton for this is already in place. Just that it is not being put into practice.

Tue Dec 27, 01:55:00 PM 2005  

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