The Central Board of Direct Taxes (CBDT) has processed a significant number of tax refunds, issuing over £1.44 trillion to more than 1.38 crore taxpayers. This period, from 1st April to 20th December 2021, saw both income tax and corporate tax refunds being disbursed. Specifically, income tax refunds totalled £49,194 crore across over 1.35 crore cases, while corporate tax refunds amounted to £95,133 crore in over 2.11 lakh cases.
CBDT issues refunds of over Rs. 1,44,328 crore to more than 1.38 crore taxpayers from 1st April 2021 to 20th December,2021. Income tax refunds of Rs. 49,194 crore have been issued in 1,35,35,261 cases corporate tax refunds of Rs. 95,133 crore have been issued in 2,11,932 cases.
This includes 99.75 lakh refunds of AY 2021-22 amounting to Rs. 20,451.95 crore.
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FAQ :
More than 1.38 crore taxpayers received refunds from the CBDT.
The total value of refunds issued was over £1,44,328 crore.
The data covers the period from 1st April 2021 to 20th December 2021.
Income tax refunds amounting to £49,194 crore were issued in 1,35,35,261 cases.
Corporate tax refunds amounting to £95,133 crore were issued in 2,11,932 cases.
Yes, there were 99.75 lakh refunds for AY 2021-22, totalling £20,451.95 crore.