I-T refunds of Rs 1.50 trn issued until January 3 this fiscal yr

The Earnings Tax Division on Wednesday mentioned it has issued refunds of over Rs 1.50 lakh crore thus far this fiscal yr.

This consists of 1.1 crore refunds of Evaluation 12 months 2021-22 amounting to Rs 21,323.55 crore.

“CBDT points refunds of over Rs 1,50,407 crore to greater than 1.48 crore taxpayers from 1st Apr,2021 to third January,2022,” the I-T division tweeted.

Of this, revenue tax refunds of Rs 51,194 crore have been issued in 1.46 crore circumstances and company tax refunds of Rs 99,213 crore have been issued in over 2.19 lakh circumstances.

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

Pricey Reader,

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

We, nevertheless, have a request.

As we battle the financial influence of the pandemic, we want 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 lots 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 targets of providing you even higher and extra related content material. We imagine in free, honest and credible journalism. Your help by means of extra subscriptions can assist us practise the journalism to which we’re dedicated.

Assist high quality journalism and subscribe to Enterprise Normal.

Digital Editor