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Income tax refunds of Rs 80,086 cr issued during this fiscal: CBDT

This figure includes income tax refunds of Rs 19,699 crore in 47,53,254 cases and corporate tax refunds of Rs 60,387 crore in 1,63,021 cases

income tax returns | CBDT

Press Trust of India  |  New Delhi 

Income tax

Refunds amounting to more than Rs 80,000 crore have been issued to the taxpayers during the current financial year, the said.

The Central Board of Direct Taxes (CBDT) frames policy for the Income Department.

This figure includes income refunds of Rs 19,699 crore in 47,53,254 cases and corporate refunds of Rs 60,387 crore in 1,63,021 cases, the Board tweeted on Thursday.

" issues refunds of over Rs 80,086 crore to more than 49.16 lakh taxpayers from 1st April, 2021 to 27th September, 2021."

"This includes 20.92 lakh refunds of AY (assessment year) 2021-22 amounting to Rs 1611.45 crore," it said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Fri, October 01 2021. 16:07 IST