CBDT issues refunds to more than 1.97 crore taxpayers between 1st April to 31st August 2022

Last updated: 03 September 2022

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Between 1st April and 31st August 2022, the Central Board of Direct Taxes (CBDT) has successfully processed and issued tax refunds totalling more than £1.14 lakh crore. This significant amount has reached over 1.97 crore individual and corporate taxpayers across the country. The refunds include both income tax and corporate tax reimbursements.

CBDT issues refunds of over Rs. 1.14 lakh crore to more than 1.97 crore taxpayers between 1st April, 2022 to 31st Aug, 2022. Income tax refunds of Rs. 61,252 crore have been issued in 1,96,00,998 cases corporate tax refunds of Rs. 53,158 crore have been issued in 1,46,871 cases

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FAQ :

The CBDT has issued over £1.14 lakh crore in tax refunds.

More than 1.97 crore taxpayers received refunds.

The refunds were issued between 1st April 2022 and 31st August 2022.

Both income tax refunds and corporate tax refunds were issued.

Income tax refunds amounting to £61,252 crore were issued.

Corporate tax refunds totalling £53,158 crore were issued to 1,46,871 cases.

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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 1.97 crore taxpayers between 1st April to 31st August 2022