Income Tax Refund of Around Rs 2400 Crore Issued in 2nd Week of August

Income Tax Refund of Around Rs 2400 Crore Issued in 2ndWeek of August

Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 49,696 crore to more than 22.75 lakh taxpayers between 1st April, 2021 to 16th August, 2021.

Out of the amount refunded, Income tax refunds of Rs 14,608 crore have been issued in 21,50,668 cases, whereas corporate tax refunds of Rs 35,088 crore have been issued in 1,24,732 cases.

Till 9th August, 2021 the figure was Rs 47,318 crore refunds to more than 22.61 lakh taxpayers. From 9th August till 16th August Income Tax Refunds issued amounts to Rs 2,348 crore.

ITR

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Knowledge Source:

CBDT Amends Rules Prescribing ‘Any Other Person’

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