CBDT issues refunds to more than 1.27 crore taxpayers from 1st April to 13th December 2021

Last updated: 15 December 2021

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The Central Board of Direct Taxes (CBDT) has processed a significant number of tax refunds. From 1st April to 13th December 2021, over 1.27 crore taxpayers received refunds amounting to more than £1,36,779 crore. This total includes both income tax and corporate tax refunds, with a substantial portion allocated to the assessment year 2021-22.

CBDT issues refunds of over Rs. 1,36,779 crore to more than 1.27 crore taxpayers from 1st Apr, 2021 to 13th December,2021. Income tax refunds of Rs. 46,438 crore have been issued in 1,25,34,644 cases corporate tax refunds of Rs. 90,340 crore have been issued in 2,02,705 cases This includes 9

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FAQ :

More than 1.27 crore taxpayers received refunds during this period.

The total value of refunds issued exceeded £1,36,779 crore.

Both income tax refunds and corporate tax refunds were issued.

Income tax refunds amounted to £46,438 crore.

Corporate tax refunds amounted to £90,340 crore.

There were 90.95 lakh refunds issued for AY 2021-22, totalling £18,848.60 crore.

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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.

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CBDT issues refunds to more than 1.27 crore taxpayers from 1st April to 13th December 2021