Earnings tax refunds of Rs 80,086 cr issued throughout this fiscal: CBDT

Refunds amounting to greater than Rs 80,000 crore have been issued to the taxpayers in the course of the present monetary 12 months, the CBDT mentioned.

The Central Board of Direct Taxes (CBDT) frames coverage for the Earnings Tax Division.

This determine contains revenue tax refunds of Rs 19,699 crore in 47,53,254 circumstances and company tax refunds of Rs 60,387 crore in 1,63,021 circumstances, the Board tweeted on Thursday.

“CBDT points refunds of over Rs 80,086 crore to greater than 49.16 lakh taxpayers from 1st April, 2021 to twenty seventh September, 2021.”

“This contains 20.92 lakh refunds of AY (evaluation 12 months) 2021-22 amounting to Rs 1611.45 crore,” it mentioned.

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

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