Refunds value over Rs 1.86 lakh crore have been issued to greater than 2.14 crore taxpayers throughout the present monetary yr, the Income Tax division stated on Thursday. This contains refunds of Rs 67,442 crore in 2,11,76,025 instances beneath the private earnings tax class and company tax refunds of Rs 1,19,235 crore in 2,31,654 instances, the division stated in a sequence of tweets.
“CBDT issues refunds of over Rs 1,86,677 crore to more than 2.14 crore taxpayers from 1st Apr, 2021 to 07th March, 2022,” it stated. “This contains 1.74 crore refunds of AY (evaluation yr) 2021-22 amounting to Rs. 35,296.86 crore,” it said.
The Central Board of Direct Taxes (CBDT) is the policy-making body for the IT department.
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