Income Tax Department points over Rs 1.67 lakh crore refunds until Feb 7 | Personal Finance News

New Delhi: The Income Tax Department on Wednesday stated it has issued refunds of greater than Rs 1.67 lakh crore to 1.87 crore taxpayers to date this fiscal.

This consists of 1.48 crore refunds of Assessment 12 months 2021-22 (fiscal ending March 2021) amounting to Rs 28,704.38 crore.

“CBDT issues refunds of over Rs 1,67,048 crore to more than 1.87 crore taxpayers from 1st April 2021 to 7th February 2022,” the IT Department tweeted. Also Read: Fake Louis Vuitton, Gucci and Chanel merchandise promoting on Facebook, Instagram: Report

Personal earnings tax refunds of Rs 59,949 crore to 1.85 crore assessees have been made and company tax refunds of Rs 1,07,099 crore have been issued in over 2.28 lakh circumstances. Also Read: Rakesh Jhunjhunwala so as to add THIS inventory to his portfolio, others will even make investments

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