Income Tax Refund of Around Rs 7,000 Crore Issued in Last Twenty Days

Income Tax Refund of Around Rs 7,000 Crore Issued

Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 45,896 crore to more than 21.32 lakh taxpayers between 1st April, 2021 to 2nd August, 2021.

Out of the amount refunded, Income tax refunds of Rs 13,694 crore have been issued in 20,12,802 cases whereas corporate tax refunds of Rs 32,203 crore have been issued in 1,19,173 cases.

Till 12th July, 2021 the figure was Rs 38,950 crore refunds to more than 19.59 lakh taxpayers.From 12th July till 2nd August Income Tax Refunds issued  amounts to Rs 6,946 crore.

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Centre Introduces Taxation Laws Amendment Bill to Nullify Retrospective Tax Demands

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