The Central Board of Direct Taxes (CBDT) has processed a significant number of tax refunds. Between 1st April and 2nd August 2021, over 21.32 lakh taxpayers received refunds totalling more than £45,896 crore. This includes £13,694 crore in income tax refunds for over 20 lakh individuals and £32,203 crore in corporate tax refunds for more than 1.19 lakh businesses.
The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2021and 2nd August 2021. Know the amount of total refund and itsbifurcation below:
CBDT issues refunds of over Rs. 45,896 crore to more than 21.32 lakh taxpayers between 1st April, 2021 to 02nd August, 2021. Income tax refunds of Rs. 13,694 crore have been issued in 20,12,802 cases corporate tax refunds of Rs. 32,203 crore have been issued in 1,19,173 cases.
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