Income Tax Refunds Worth Rs 1.4 Lakh Crore Issued From April To December
The Income Tax Department head office in Mumbai. (Photograph: BloombergQuint)

Income Tax Refunds Worth Rs 1.4 Lakh Crore Issued From April To December

Bookmark

The Income Tax Department has issued refunds worth over Rs 1.40 lakh crore to more than 59.68 lakh taxpayers this fiscal till Dec. 1.

This includes personal income tax refunds amounting to Rs 38,105 crore and corporate tax refunds of over Rs 1.02 lakh crore during this period.

"CBDT issues refunds of over Rs 1,40,210 crore to more than 59.68 lakh taxpayers between April 1, 2020 to Dec. 1, 2020. Income tax refunds of Rs 38,105 crore have been issued in 57,68,926 cases and corporate tax refunds of Rs 1,02,105 crore have been issued in 1,99,165 cases," the Income Tax Department tweeted.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.