Income Tax Refund of Around Rs 7600 Crore Issued During December Third Week

Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 1,44,328 crore to more than 1.38 crore taxpayers between 1st April, 2021 to 20th December, 2021.

Out of the amount refunded, Income tax refunds of Rs 49,194 crore have been issued in 1,35,35,261 cases, whereas corporate tax refunds of Rs 95,133 crore have been issued in 2,11,932 cases.

Further, this amount includes 99.75 lakh refunds of AY 2021-22 amounting to Rs 20,451.95 crore

Till 13th December, 2021, the figure was 1,36,779 crore refunds to more than 1.27 crore taxpayers. From 13th till 20th December, Income Tax Refunds issued amount to Rs 7,549 crore.

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Knowledge Source :

CAG Detects Errors Worth Rs 4,000 Crore in Corporate Tax Assessments

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