Home Uncategorized IT refunds Rs.1.36 lakh crore to 40.19 lakh tax payers

IT refunds Rs.1.36 lakh crore to 40.19 lakh tax payers

by BQ News Bureau
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The Income Tax Department has refunded Rs 1.36 lakh crore to over 40 lakh taxpayers so far this fiscal.

This includes Personal income tax refunds amounting to Rs.35,750 crore and corporate tax refunds of over Rs.1 lakh crore during this period.

“CBDT has issued refunds of over Rs 1.36 crore to more than 40.19 lakh taxpayers between 1st April, 2020 to 17th November, 2020. Income tax refunds of Rs.35,750 crore have been issued and corporate tax refund of Rs.1,00,316 crore have been issued in 1.95 lakh cases,” the I-T department added.

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