CBDT points refunds of Rs 1.37 trillion to 12.7 million taxpayers

The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 1,36,779 crore to greater than 1.27 crore (12.7 million) taxpayers from April 1 to December 13, the Revenue Tax Division stated on Wednesday.

“CBDT points refunds of over Rs 1,36,779 crore to greater than 1.27 crore taxpayers from 1st Apr, 2021 to thirteenth December, 2021. Revenue tax refunds of Rs 46,438crore have been issued in 1,25,34,644 instances & company tax refunds of Rs 90,340 crore have been issued in 2,02,705 instances,” the Revenue Tax division tweeted.

This contains 90.95 lakh refunds of Evaluation Yr (AY) 2021-22, amounting to Rs 18,848.60 crore, it stated.

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

Pricey Reader,

Enterprise Customary has all the time strived arduous to offer up-to-date data and commentary on developments which are of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on the way to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome occasions arising out of Covid-19, we proceed to stay dedicated to preserving you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nonetheless, have a request.

As we battle the financial affect of the pandemic, we’d like your help much more, in order that we will proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from a lot of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the objectives of providing you even higher and extra related content material. We imagine in free, truthful and credible journalism. Your help via extra subscriptions will help us practise the journalism to which we’re dedicated.

Assist high quality journalism and subscribe to Enterprise Customary.

Digital Editor