CBDT Issues Refunds of Over Rs.1,62,448 Crore to More Than 1.79 Crore Taxpayers
Sushmita Goswami | Jan 27, 2022 |
CBDT Issues Refunds of Over Rs.1,62,448 Crore to More Than 1.79 Crore Taxpayers
The Income Tax Department announced on Thursday that it has granted refunds totaling Rs 1.62 lakh crore to over 1.79 million taxpayers this fiscal year. This comprises Rs 27,111.40 crore in refunds for the fiscal year 2020-21.
“From 1st April 2021 to 24th January 2022, CBDT issues refunds of over Rs 1,62,448 crore to over 1.79 crore taxpayers,” the Income Tax Department tweeted.
This includes personal income tax refunds totaling Rs 57,754 crore distributed to over 1.77 crore entities, as well as corporate tax refunds totaling Rs 1.04 lakh crore sent to 2.23 lakh companies.
CBDT issues refunds of over Rs. 1,62,448 crore to more than 1.79 crore taxpayers from 1st Apr,2021 to 24th Jan,2022. Income tax refunds of Rs. 57,754 crore have been issued in 1,77,35,899 cases &corporate tax refunds of Rs. 1,04,694 crore have been issued in 2,23,952 cases(1/2)
— Income Tax India (@IncomeTaxIndia) January 27, 2022
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