Income Tax Department Mandates LEI for Non-Individuals with Refunds over Rs 50 Crore

Last updated: 11 January 2024

In a recent announcement, the Income Tax Department has introduced a new requirement for non-individual entities regarding the Credit of Refunds exceeding Rs. 50 crore. As per the RBI Notification, a Legal Entity Identifier (LEI) No. is now mandatory for efficient refund processing. Entities are urg

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