CBDT Issues Over £92,000 Cr in Tax Refunds

Quick Summary

The Central Board of Direct Taxes (CBDT) has processed a significant number of tax refunds between April 1st and October 18th, 2021. A total of over £92,961 crore has been returned to more than 63.23 lakh taxpayers. This includes both income tax refunds amounting to £23,026 crore and corporate tax refunds totalling £69,934 crore.

CBDT issues refunds of over Rs. 92,961 crore to more than 63.23 lakh taxpayers from 1st April, 2021 to 18th October, 2021. Income tax refunds of Rs. 23,026 crore have been issued in 61,53,231 cases &corporate tax refunds of Rs. 69,934 crore have been issued in 1,69,355 cases.

CBDT Issues Over £92,000 Cr in Tax Refunds

This includes 32.49 lakh refunds of AY 2021-22 amounting to Rs. 2498.18 crore.

FAQ :

The CBDT has issued refunds totalling over £92,961 crore.

More than 63.23 lakh taxpayers have received refunds.

The refunds were issued from 1st April 2021 to 18th October 2021.

Income tax refunds amounted to £23,026 crore in 61,53,231 cases, and corporate tax refunds were £69,934 crore in 1,69,355 cases.

Yes, 32.49 lakh refunds for AY 2021-22 amounting to £2498.18 crore were included.

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