The Central Board of Direct Taxes has issued tax refunds worth Rs 88,652 crore to more than 24 lakh taxpayers so far in 2020-21.
This includes personal income tax refunds of Rs 28,180 crore to 23.05 lakh taxpayers and corporate tax refunds of Rs 60,472 crore to 1.58 lakh taxpayers.
"The CBDT has so far issued refunds of over Rs 88,652 crore to more than 24.64 lakh taxpayers from April 1, 2020, onwards. Income tax refunds of Rs 28,180 crore have been issued in 23,05,726 cases and corporate tax refunds of Rs 60,472 crore have been issued in 1,58,280 cases,” the taxman tweeted.
CBDT has, so far, issued refunds of over Rs. 88,652 crore to more than 24.64 lakh taxpayers from 1st April, 2020 onwards. Income tax refunds of Rs. 28,180 crore have been issued in 23,05,726 cases & corporate tax refunds of Rs.60,472 crore have been issued in 1,58,280 cases.
The CBDT is the apex decision-making body for indirect tax matters and administers personal income tax and corporate tax.
The government has emphasised on providing tax-related services without any hassles during Covid-19 pandemic and, to that end, has been clearing up pending tax refunds.
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