Income Tax Refund of Rs 37,050 Crore Issued During Covid Lockdown


Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 37,050 crore to more than 17.92 lakh taxpayers between 1st April, 2021 to 5th July, 2021.

Out of the amount refunded, Income tax refunds of Rs 10,408 crore have been issued in 16,89,063 cases whereas corporate tax refunds of Rs 26,642 crore have been issued in 1,03,088 cases.


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Knowledge Source:

Timeline to Process A.Y 2017-18 Income Tax Refunds Extended till 30th September

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