Comments
The Income Tax Department on Wednesday said it has issued refunds of over ₹5,649 crore to 7.39 lakh taxpayers during April 1-19, 2021-22.
Of this, personal income tax refunds worth ₹3,073 crore were issued in 7.23 lakh cases and corporate tax refunds of ₹2,577 crore were issued to 15,206 taxpayers.
“CBDT issues refunds of over ₹5,649 crore to more than 7.39 lakh taxpayers between 1st April, 2021 to 19th April, 2021,” the I-T department tweeted.
In the previous fiscal year which ended on March 31, 2021, the department had issued ₹2.62 lakh crore worth refunds to more than 2.38 crore taxpayers.
The refund issued in last financial year is 43.2 per cent higher than ₹1.83 lakh crore issued in 2019-20.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.