Refund banker scheme extended to new cities

New Delhi, July 12 (UNI) The Government today extended the 'Refund Banker Scheme', aimed at expeditious refunding of Income Tax claims to four new cities from September 30, 2007.

Ar present, the scheme is operative in Delhi and Patna. The scheme is to be extended to Chennai, Kolkata, Mumbai and Bangalore.

An official release here said that while implementing the Scheme, it has been noticed that a number of refund vouchers have been received back due to incorrect address given by the taxpayers. Some of the taxpayers did not give their correct bank account number on the Income Tax return or failed to give correct MICR code of the bank as a result of which refunds could not be credited to their account.

It said out of 72,397 refunds dispatched by speed post between February and June 2007, as many as 7,264 have been returned undelivered by the postal authorities.

''To avoid inconvenience, the taxpayers are suggested to fill up the Tax Return form properly mentioning the correct address at which refund voucher may be delivered, correct bank details, such as, account number, name and branch of the bank, and MICR code of the bank. Taxpayers must also intimate the change of address, if any, to the assessing officer immediately'', the release added.

UNI