Revenue Tax division points Rs 24,792 cr refunds to date this fiscal

Revenue Tax division points Rs 24,792 cr refunds to date this fiscal

The Revenue Tax division on Wednesday stated it has issued over Rs 24,792 crore refunds to greater than 15 lakh taxpayers to date this fiscal.

Of this private revenue tax refunds value Rs 7,458 crore has been issued in over 14.98 lakh circumstances. Company tax refunds of Rs 17,334 crore have been issued to 43,661 taxpayers.

CBDT points refunds of over Rs 24,792 crore to greater than 15 lakh taxpayers between 1st April 2021 to seventeenth Could 2021,” the Revenue-tax division tweeted.

The I-T division didn’t specify the monetary 12 months for the refunds. Nevertheless, it’s believed that the refunds are for tax returns filed for the 2019-20 fiscal.

Within the earlier fiscal, which ended on March 31, 2021, the division had issued Rs 2.62 lakh crore value refunds to greater than 2.38 crore taxpayers.

The refunds issued within the 2020-21 fiscal is 43.2 per cent larger than Rs 1.83 lakh crore issued in 2019-20, which ended March 31, 2020.

(Solely the headline and movie of this report might have been reworked by the Enterprise Commonplace employees; the remainder of the content material is auto-generated from a syndicated feed.)

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