NEW DELHI: The earnings taxation (I-T) section on Wednesday said that it has issued yearly 25,301 crore-worth refunds for over 15.45 lakh taxpayers to date this financial. From this complete sum, private income tax refunds to the tune of Rs 7,494 crore are issued by over 15 lakh instances. Business tax prices of Rs 17,807 crore are issued to 44,140 taxpayers. “CBDT problems refunds of more than 25,301 crore to over 15.45 lakh taxpayers between 1st April, 2021 into 24th May, 2021,” the income tax division stated in an tweet. CBDT problems prices of over Rs. 25,301 crore to greater than 15.45 lakh taxpayers between 1st April, 2021 into 24th May,… https://t.co/7d9DukPT2C— Revenue Tax India (@IncomeTaxIndia) 1622013255000The I-T division failed to specify about that fiscal year that the refunds pertained to. But, it’s thought that the refunds would be to get tax returns filed for 2019-20 monetary. In the last fiscal, the division had annual 2.62 lakh crore-worth refunds for over 2.38 crore taxpayers. The prices issued in 2020-21 financial was 43.2 percent greater compared to 1.83 lakh crore issued in 2019-20 financial, that ended March 31, 2020.
I-T dept Problems Prices worth 25,301cr Thus Far this Financial
