Quick Summary
The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2021 and 24th May 2021. Know the amount of total refund and its bifurcation below:
CBDT issues refunds of over Rs. 25,301 crore to more than 15.45 lakh taxpayers between 1st April, 2021 to 24th May, 2021. Income tax refunds of Rs. 7,494 crore have been issued in 15,00,397 cases & corporate tax refunds of Rs. 17,807 crore have been issued in 44,140 cases.
FAQ :
More than 15.45 lakh taxpayers received refunds during this period.
The total amount of refunds issued was over £25,301 crore.
Income tax refunds amounted to £7,494 crore, while corporate tax refunds were £17,807 crore.
Income tax refunds were issued in 15,00,397 cases.
Corporate tax refunds were issued in 44,140 cases.
CAclubindia
