CBDT issues refunds of over Rs. 1,45,619 crores to more than 89.29 lakh taxpayers between 1st April 2020 to 8th December 2020

Last updated: 12 December 2020

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Between 1st April and 8th December 2020, the Central Board of Direct Taxes (CBDT) has processed a significant number of tax refunds. A total of over £1,45,619 crore has been returned to more than 89.29 lakh taxpayers. This includes £43,274 crore in income tax refunds distributed across 87,29,626 cases and £1,02,345 crore in corporate tax refunds for 1,99,554 cases.

CBDT issues refunds of over Rs. 1,45,619 crore to more than 89.29 lakh taxpayers between 1st April,2020 to 8th December,2020. Income tax refunds of Rs. 43,274 crore have been issued in 87,29,626 cases corporate tax refunds of Rs. 1,02,345 crore have been issued in 1,99,554 cases

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FAQ :

The CBDT has issued over Rs. 1,45,619 crore in refunds.

More than 89.29 lakh taxpayers received refunds.

The data covers the period from 1st April 2020 to 8th December 2020.

Rs. 43,274 crore in income tax refunds were issued.

Income tax refunds were issued in 87,29,626 cases.

Rs. 1,02,345 crore in corporate tax refunds were issued.

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :

CBDT issues refunds of over Rs. 1,45,619 crores to more than 89.29 lakh taxpayers between 1st April 2020 to 8th December 2020