Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 1,54,302 crore to more than 1.59 crore taxpayers between 1st April, 2021 to 10th January, 2022.
Out of the amount refunded, Income tax refunds of Rs 53,689 crore have been issued in 1,56,57,444 cases, whereas corporate tax refunds of Rs 1,00,612 crore have been issued in 2,21,976 cases.
Further, this amount includes 1.20 crore refunds of AY 2021-22 amounting to Rs 23,406.28 crore.
Till 3rd January, 2021, the figure was 1,50,407 crore refunds to more than 1.48 crore taxpayers. From 3rd January till date, Income tax refunds issued amount to Rs 3,895 crore.
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Knowledge Source :
CBDT Extends Due Date for Tax Audit Report and Income Tax Returns