The Revenue Tax Division on Wednesday mentioned it has issued refunds of over Rs 1.01 lakh crore to 27.55 lakh taxpayers between April 1 to September 8.
This embody private revenue tax (PIT) refunds amounting to Rs 30,768 crore issued to 25.83 lakh taxpayers and company tax refunds amounting to Rs 70,540 crore issued to over 1.71 lakh taxpayers throughout this era.
“CBDT points refunds of over Rs 1,01,308 crore to greater than 27.55 lakh taxpayers between 1st April,2020 to 08th September,2020. Revenue tax refunds of Rs. 30,768 crore have been issued in 25,83,507 circumstances &company tax refunds of Rs.70,540 crore have been issued in 1,71,155 circumstances,” the Central Board of Direct Taxes (CBDT) tweeted.
The federal government has emphasised on offering tax associated providers to taxpayers with none hassles throughout the Covid-19 pandemic, and accordingly has been clearing up pending tax refunds.