Income Tax Refund of Around Rs 1500 Crore Issued in 1st Week of August

Income Tax Refund of Around Rs 1500 Crore

Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 47,318 crore to more than 22.61 lakh taxpayers between 1st April, 2021 to 9th August, 2021.

Out of the amount refunded, Income tax refunds of Rs 14,241 crore have been issued in 21,38,375 cases, whereas corporate tax refunds of Rs 33,078 crore have been issued in 1,22,511 cases.

Till 2 August, 2021 the figure was Rs 45,896 crore refunds to more than 21.32 lakh taxpayers. From 2nd August till 9th August Income Tax Refunds issued amounts to Rs 1422 crore.

Income Tax Refund of Around Rs 1500 Crore

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Knowledge Source:

President gives his Assent to New Law to Bury Retrospective Taxation

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