Income Tax Refund of Over Rs 4500 Crore Issued During 2nd Week of February


Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 1,71,555 crore to more than 1.97 crore taxpayers between 1st April, 2021 to 14th February, 2022.

Out of the amount refunded, Income tax refunds of Rs 63,234 crore have been issued in 1,95,17,945 cases, whereas corporate tax refunds of Rs 1,08,322 crore have been issued in 2,28,604 cases.

Further, this amount includes 1.58 crore refunds of AY 2021-22 amounting to Rs 31,857.27 crore.

Till 7th February, 2022, the figure was Rs 1,67,048 crore refunds to more than 1.87 crore taxpayers. From 7th February till date, Income tax refunds issued amount to Rs 4,507 crore.

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Knowledge Source :

MCA Waived Additional Fees on Filing of Annual Returns/Financial Statements

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