Over Rs 4000 Crore Income Tax Refund Issued in 2nd Week of September

Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over Rs 74,158 crore to more than 45.25 lakh taxpayers between 1^st April, 2021 to 20^th September, 2021.

Out of the amount refunded, Income tax refunds of Rs 18,873 crore have been issued in 43,48,741 cases, whereas corporate tax refunds of Rs 55,285 crore have been issued in 1,55,920 cases.

Further, this amount includes 17.45 lakh refunds of AY 2021-22 amounting to Rs 1350.4 crore.

Till 6^th September, 2021, the figure was 70,120 crore refunds to more than 26.09 lakh taxpayers. From 6^th September till 20^th September Income Tax Refunds issued amounts to Rs 4,038 crore.

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Knowledge Update :

TDS Provisions Relaxed if Payment Received from Scheduled Bank