CBDT Issues £12,366 Crore Tax Refunds to 1.11 Crore Taxpayers

Quick Summary

The Central Board of Direct Taxes (CBDT) has processed a significant number of tax refunds. Between 1st April and 22nd November 2021, over 1.11 crore taxpayers received refunds totalling more than £1,23,667 crore. This includes both individual income tax refunds and corporate tax refunds.

CBDT issues refunds of over Rs. 1,23,667 crore to more than 1.11 crore taxpayers from 1st Apr,2021 to 22nd November,2021. Income tax refunds of Rs. 41,649 crore have been issued in 1,08,88,278 cases &corporate tax refunds of Rs. 82,018 crore have been issued in 1,81,218 cases.

CBDT Issues £12,366 Crore Tax Refunds to 1.11 Crore Taxpayers

This includes 75.75 lakh refunds of AY 2021-22 amounting to Rs. 15,998.31 crore.

FAQ :

More than 1.11 crore taxpayers received refunds.

The total value of refunds issued was over £1,23,667 crore.

The data covers the period from 1st April 2021 to 22nd November 2021.

Income tax refunds amounting to £41,649 crore were issued in 1,08,88,278 cases.

Corporate tax refunds amounting to £82,018 crore were issued in 1,81,218 cases.

Yes, this includes 75.75 lakh refunds for AY 2021-22, totalling £15,998.31 crore.

1527 Views Comment Share Income Tax Report

News posted by

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.

View News

Comments :