CBDT issues refunds worth Rs.1.4 tln since April 2020

by Nidhi Bhati

The Central Board of Direct Taxes (CBDT) has issued refunds worth Rs.1.4 trillion to more than four million taxpayers since April 2020. These include personal income tax (PIT) refunds amounting to Rs.357.5 billion issued to more than 3.8 million taxpayers and corporate tax refunds amounting to over Rs.1 billion issued to 195,518 taxpayers during this period, the income tax department stated in a tweet.

References
1. https://www.financialexpress.com/economy/i-t-refunds-worth-rs-1-36-lakh-cr-issued-to-40-19-lakh-taxpayers-till-nov-17/2131254/