Income Tax Refund of Around Rs 3500 Crore Issued in First Week of November

Income Tax Refund (6)

Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 1,15,917 crore to more than 98.90 lakh taxpayers between 1st April, 2021 to 8th  November, 2021.

Out of the amount refunded, Income tax refunds of Rs 36,000 crore have been issued in 97,12,911 cases, whereas corporate tax refunds of Rs 79,917 crore have been issued in 1,77, 184 cases.

Further, this amount includes 65.31 lakh refunds of AY 2021-22 amounting to Rs 12,616.79 crore.

Till 1st November, 2021, the figure was 1,12,489 crore refunds to more than 91.30 lakh taxpayers. From 1st November till 8th November Income Tax Refunds issued amount to Rs 3,428 crore


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Knowledge Update

Over 2.38 Crore ITRs Received for AY 2021-22

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