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CBDT issues tax refund worth Rs 26,242 cr to tax assesses since April 1

Tax refunds issued to 16,84,298 tax assesses, says the government.

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The Union government had earlier announced a reduction in the rate of Tax Deduction at Source (TDS) for the non-salaried specified payments

ANI New Delhi

1 min read Last Updated : May 22 2020 | 6:37 PM IST

The Central Board of Direct Taxes (CBDT) has issued tax refunds worth Rs. 26,242 crore to 16,84,298 tax assesses since 1st April to 21st May 2020.

The Union government had earlier announced a reduction in the rate of Tax Deduction at Source (TDS) for the non-salaried specified payments and Tax Collection at Source (TCS) for specified receipts by 25 per cent for the period from May 14, 2020 to March, 31, 2021.

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A press release from Union Ministry of Finance, Department of Revenue, CBDT said, "In order to provide

Topics : Coronavirus CBDT tax refunds

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