Over £148,000 Cr Income Tax Refunds Issued

Quick Summary

The Central Board of Direct Taxes (CBDT) has processed a significant number of tax refunds, disbursing over Rs. 1,48,274 crore to more than 1.02 crore taxpayers. This period covers from April 1st, 2020, to December 14th, 2020. The refunds include both income tax and corporate tax payments.

CBDT issues refunds of over Rs. 1,48,274crore to more than 1.02crore taxpayers between 1st April,2020 to 14th December,2020. Income tax refunds of Rs. 45,264crore have been issued in 1,00,02,982 cases & corporate tax refunds of Rs. 1,03,010 crore have been issued in 2,00,854 cases

CBDT issues refunds of over Rs. 1,48,274 crores to more than 1.02 crore taxpayers between 1st April 2020 and 14th December 2020

FAQ :

The CBDT has issued refunds totalling over Rs. 1,48,274 crore.

More than 1.02 crore taxpayers have received refunds.

The refunds were issued between April 1st, 2020, and December 14th, 2020.

The refunds include both income tax and corporate tax.

Income tax refunds amounted to Rs. 45,264 crore.

Corporate tax refunds totalled Rs. 1,03,010 crore.

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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.

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