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
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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.