You are here: Home » Economy & Policy ¬Ľ News
Can GIFT City overcome the barrier of unpredictable policymaking?
icon-arrow-left
Green shoots of recovery to sprout faster in non-metro markets: EY report
Business Standard

Direct tax refunds down 10% amid Covid-19 pandemic, says CBDT

Only withheld refunds where assessee reply is awaited, says CBDT

Topics
Direct taxes | Coronavirus | Lockdown

Dilasha Seth  |  New Delhi 



tax, taxes
Refunds, or cash outflow from the income-tax (I-T) department, stood at Rs 74,000 crore up to July 18 this fiscal, against Rs 82,000 crore worth of refunds disbursed in the same period last year.

Direct are down 10 per cent, compared to the same period last year, despite the central government’s efforts to expedite these amid the Covid-19 pandemic.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Thu, July 23 2020. 06:05 IST

RECOMMENDED FOR YOU

.