Income Tax refund of over Rs 1 lakh crore issued by CBDT since April 2020

CBDT has issued an outstanding Income Tax refund of over Rs 1 lakh crore to the taxpayers Since April 2020.

Income Tax refund
CBDT has issued refunds of over Rs 1 lakh crore to more than 32.07 lakh taxpayers between 1st April 2020 to 22nd September 2020.

The I-T refunds of Rs 31,856 crore were issued in 30,29,681 cases and corporate tax refunds of Rs 79,517 crore have been issued in 1,76,966.

“CBDT issues refunds of over Rs 1,11,372 crore to more than 32.07 lakh taxpayers between 1st April 2020 to 22nd September 2020. Income tax refunds of Rs. 31,856 crore have been issued in 30,29,681 cases and corporate tax refunds of Rs.79,517 crore have been issued in 1,76,966 cases,” the CBDT tweeted.

Income Tax India

In wake of the coronavirus pandemic, CBDT has extended the due date for filing of Income Tax Returns for FY 2018-19 (AY 2019-20) from July 31 to September 30, 2020.

Source: – CBDT issues over Rs 1 trn refunds to 3.2 mn taxpayers since April


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