New Delhi. The Central Income Tax Department, which comes under the Government of India, has informed today, Thursday, November 18, that the Central Board of Direct Taxes (CBDT) has issued income tax refunds of more than Rs 1.19 lakh crore from April 1, 2021 to November 15, 2021. have done.
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It may be noted that CBDT is a part of the Department of Revenue in the Ministry of Finance, Government of India, which collects direct taxes in the country. A portion relating to investments etc. of the taxpayers is returned after deducting the eligible income tax from the income tax falling under this direct tax. This is what is called income tax refund.
The Central Income Tax Department has said in a report released on Thursday that the CBDT has issued refunds of more than Rs 1,19,093 crore to more than 1.02 lakh taxpayers from April 1, 2021 to November 15, 2021. Income tax refunds worth Rs 38,034 crore have also been issued in 1,00,42,619 cases during the same period.
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In the report released today, the Central Income Tax Department also informed that corporate tax refunds worth Rs 81,059 crore have been issued so far in this financial year (2021-22). It has been issued in 1,80,407 corporate matters. These refunds also include 67.99 lakh refund cases for the assessment year 2021-22. Under this, refunds worth Rs 13,140.94 crore have been issued.
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