CBDT Issues Over £1.5 Lakh Crore in Tax Refunds

Quick Summary

The Central Board of Direct Taxes (CBDT) has processed a significant number of tax refunds, disbursing over £150,407 crore to more than 1.48 crore taxpayers. This total includes both income tax and corporate tax refunds. The period covered for these refunds is from 1st April 2021 to 3rd January 2022.

CBDT issues refunds of over Rs. 1,50,407 crore to more than 1.48 crore taxpayers from 1st April 2021 to 3rd January, 2022. Income tax refunds of Rs. 51,194 crore have been issued in 1,46,24,250 cases & corporate tax refunds of Rs. 99,213 crore have been issued in 2,19,913 cases.

CBDT Issues Over £1.5 Lakh Crore in Tax Refunds

This includes 1.1 crore refunds of AY 2021-22 amounting to Rs. 21,323.55 crore.

FAQ :

The CBDT has issued refunds totalling over £1,50,407 crore.

More than 1.48 crore taxpayers have received refunds.

The refunds were issued between 1st April 2021 and 3rd January 2022.

Both income tax refunds (£51,194 crore) and corporate tax refunds (£99,213 crore) were issued.

Income tax refunds were issued in 1,46,24,250 cases.

Corporate tax refunds were issued in 2,19,913 cases.

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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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