Between April 1st and November 24th, 2020, the Central Board of Direct Taxes (CBDT) has processed and issued a substantial amount of tax refunds. Over 41.25 lakh taxpayers have received a total of more than Rs. 1,36,962 crore. This includes income tax refunds amounting to Rs. 36,028 crore for nearly 40 lakh individuals, and corporate tax refunds totalling Rs. 1,00,934 crore for approximately 2 lakh businesses.
CBDT issues refunds of over Rs. 1,36,962 crore to more than 41.25 lakh taxpayers between 1st April,2020 to 24th November,2020. Income tax refunds of Rs. 36,028 crore have been issued in 39,28,067cases corporate tax refunds of Rs. 1,00,934 crore have been issued in 1,96,880 cases.
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FAQ :
The CBDT has issued over Rs. 1,36,962 crore in tax refunds.
More than 41.25 lakh taxpayers received these refunds.
The refunds were issued between April 1st, 2020, and November 24th, 2020.
Income tax refunds totalling Rs. 36,028 crore were issued.
Income tax refunds were issued in 39,28,067 cases.
Corporate tax refunds amounted to Rs. 1,00,934 crore.