Between 1st April 2020 and 1st December 2020, the Central Board of Direct Taxes (CBDT) has processed and issued a significant volume of tax refunds. A total of over Rs. 1,40,210 crore has been returned to more than 59.68 lakh taxpayers. This includes Rs. 38,105 crore in income tax refunds distributed across 57,68,926 cases, and Rs. 1,02,105 crore in corporate tax refunds for 1,99,165 companies.
CBDT issues refunds of over Rs. 1,40,210 crore to more than 59.68 lakh taxpayers between 1st April,2020 to 01st December,2020. Income tax refunds of Rs. 38,105 crore have been issued in 57,68,926cases corporate tax refunds of Rs. 1,02,105 crore have been issued in 1,99,165 cases.
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FAQ :
The CBDT has issued over Rs. 1,40,210 crore in refunds.
More than 59.68 lakh taxpayers received refunds.
The refunds were issued between 1st April 2020 and 1st December 2020.
Rs. 38,105 crore was issued as income tax refunds.
Income tax refunds were issued in 57,68,926 cases.
Rs. 1,02,105 crore was issued as corporate tax refunds.