Refunds issued by CBDT on account of IT & Corporate Tax from 1st April 2020 to 6th October 2020

Last updated: 07 October 2020

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The Central Board of Direct Taxes (CBDT) has processed a significant number of tax refunds, totalling over £121 billion. This amount was disbursed to more than 3.59 million taxpayers between 1st April 2020 and 6th October 2020. The refunds included £33.2 billion for income tax and £88.3 billion for corporate tax.

CBDT issues refunds of over Rs. 1,21,607 crore to more than 35.93 lakh taxpayers between 1st April,2020 to 06th October,2020. Income tax refunds of Rs. 33,238 crore have been issued in 34,09,246 cases corporate tax refunds of Rs. 88,370 crore have been issued in 1,83,773 cases.

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FAQ :

The CBDT has issued over £1,21,607 crore (approximately £121 billion) in refunds.

More than 35.93 lakh (3.59 million) taxpayers received refunds.

These refunds were issued between 1st April 2020 and 6th October 2020.

£33,238 crore (approximately £33.2 billion) was issued as income tax refunds.

£88,370 crore (approximately £88.3 billion) was issued as corporate tax refunds.

34,09,246 (over 3.4 million) income tax refunds were issued.

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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.

Refunds issued by CBDT on account of IT & Corporate Tax from 1st April 2020 to 6th October 2020