Income Tax important Update: Non-individuals Must Submit Legal Entity Identifier (LEI) for Refunds Exceeding Rs. 50 Crore

As per a recent update issued by the Income Tax Department stating that according to the RBI Notification, in the case of non-individuals, a Legal Entity Identifier (LEI) No. is required for Credit of Refunds exceeding Rs. 50 crore. For hassle-free refund processing, please submit LEI details in Login->Dashboard->Services->LEI.

Source #InomeTax Portal

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