The Central Board of Direct Taxes (CBDT) has issued substantial refunds to a significant number of taxpayers. Between 1st April 2021 and 28th February 2022, over 2.09 crore taxpayers received refunds amounting to more than Rs 1.83 lakh crore. This includes both income tax and corporate tax refunds, with a notable portion dedicated to Assessment Year 2021-22.
CBDT issues refunds of over Rs. 1,83,579 crore to more than 2.09 crore taxpayers from 1st Apr,2021 to 28th Feb,2022. Income tax refunds of Rs. 65,938 crore have been issued in 2,07,27,503 cases & corporate tax refunds of Rs. 1,17,641 crore have been issued in 2,30,566 cases.
This includes 1.70 crore refunds of AY 2021-22 amounting to Rs. 34,202.31 crore.