On 16th December,2020, the Income tax department has clarified that refunds of over Rs 1,48,274 crore have been made to more than 1.02 crore taxpayer, between 1st April, 2020 to 14th December,2020.
It includes Rs 45,264 crore refunds to 1,00,02,982 cases and corporate tax refunds of Rs 1,03,010 crore to 2,00,854 cases.
While, till 24th November,2020, the figure of refunds was Rs 1,36,962 crore.
Knowledge Source:
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