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Refunds value over Rs 1.86 lakh crore have been issued to greater than 2.14 crore taxpayers throughout the present monetary yr, the Earnings Tax division stated on Thursday. This contains refunds of Rs 67,442 crore in 2,11,76,025 circumstances below the non-public revenue tax class and company tax refunds of Rs 1,19,235 crore in 2,31,654 circumstances, the division stated in a sequence of tweets.
“CBDT points refunds of over Rs 1,86,677 crore to greater 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 stated.
The Central Board of Direct Taxes (CBDT) is the policy-making physique for the I-T division.
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