CBDT issues refunds of Rs. 1,36,066 crores to 40.19 lakh taxpayers between 1st April 2020 to 17th November 2020

Last updated: 18 November 2020

Quick Summary
Between April 1st and November 17th, 2020, the Central Board of Direct Taxes (CBDT) has processed and issued a significant number of tax refunds. A total of over £1,36,066 crore has been refunded to more than 40.19 lakh taxpayers. This includes £35,750 crore in income tax refunds for 38,23,304 individuals and £1,00,316 crore in corporate tax refunds for 1,95,518 businesses.

CBDT issues refunds of over Rs. 1,36,066 crore to more than 40.19 lakh taxpayers between 1st April,2020 to 17th November,2020. Income tax refunds of Rs. 35,750 crore have been issued in 38,23,304 cases &corporate tax refunds of Rs.1,00,316 crore have been issued in 1,95,518 cases

CBDT issues refunds of Rs. 1,36,066 crores to 40.19 lakh taxpayers between 1st April 2020 to 17th November 2020

FAQ :

The CBDT has issued refunds totalling over Rs. 1,36,066 crore.

More than 40.19 lakh taxpayers have received refunds.

The refunds were issued between 1st April 2020 and 17th November 2020.

Income tax refunds amounting to Rs. 35,750 crore were issued.

A total of 38,23,304 individual income tax refund cases were processed.

Corporate tax refunds issued amounted to Rs. 1,00,316 crore.



Guest

News posted by

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 :

Recent News :

  1. Specified Senior Citizens: TDS Rules on Pension and Interest Income Under Income Tax Act, 2025
  2. Income Tax Benefits for Small Businesses in 2026-27: Key Deductions and Exemptions
  3. Set-Off and Carry Forward of Loss Under Income Tax Act 2025
  4. Income Tax Department Lists 10 ICDS and Their Reconciliation With Accounting Standards
  5. Finance Ministry Allows 10 Lakh MT Duty-Free Raw Sugar Imports Till 31st October
  6. Salaried Employees Tax Benefits for TY 2026-27: Check All Allowances and Exemptions
  7. Compounding of Offences Under Income Tax Act 2025: Key Rules, Charges and Eligibility
  8. ITR-6 Online Filing for AY 2026-27 Now Available on Income Tax Portal
  9. Ind AS Amendment Rules 2026: New Changes in Financial Instruments, Hedge Accounting & Disclosures
  10. Health Insurance Tax Benefits Under IT Act 2025: Deduction Limits, Eligibility and Conditions

More »


Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member SARANGSARANGPro Member Mritoonjay GoraiMritoonjay GoraiPro Member PIYUSHBHAIPOPATPIYUSHBHAIPOPATPro Member AdityaAdityaPro Member AustinAustin
Subscribe to Pro
Join an elite circle of professionals


Browse by Category