Quick Summary
CBDT issues refunds of over Rs. 51,531 crore to more than 22.99 lakh taxpayers between 1st April,2021 to 23rd August, 2021. Income tax refunds of Rs. 14,835 crore have been issued in 21,70,134 cases corporate tax refunds of Rs. 36,696 crore have been issued in 1,28,870 cases For FY 2021-22, ITD has issued refunds of over Rs. 51,531 crore upto 23.08.2021. Till date, 93% of the refund claims in ITRs for AY20-21 have already been processed. In the past week, refunds of over Rs. 15,269 crore have
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FAQ :
The IT Department has issued over £51,531 crore in refunds for FY 2021-22 up to August 23rd, 2021.
More than 22.99 lakh taxpayers have received refunds during this period.
Of the total, £14,835 crore were income tax refunds issued in 21,70,134 cases, and £36,696 crore were corporate tax refunds issued in 1,28,870 cases.
Ninety-three percent of refund claims for AY 20-21 have been processed. The department is contacting taxpayers for pending cases that require a response.
The processing of ITRs 1 & 4 for AY 21-22 has commenced, and any applicable refunds will be issued directly to the taxpayer's bank account.
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