An income tax refund occurs when a taxpayer has paid more tax than their actual liability
This includes 1.85 crore refunds of 2020-21, AY2021-22, amounting to Rs 38,447.27 crore
The income tax department on Wednesday said income tax refunds worth over Rs 1.92 trillion have been issued to more than 2.24 crore taxpayers so far this fiscal.
Refunds worth over Rs 1.86 trillion have been issued to more than 2.14 crore taxpayers during the current financial year, the Income Tax department said on Thursday.
The Income Tax Department has issued refunds of more than Rs 1.67 lakh crore to 1.87 crore taxpayers so far this fiscal
The Central Board of Direct Taxes has issued Rs 1.62 lakh crore income tax refunds to over 1.79 crore taxpayers till January 24, 2022 of the current financial year, official data showed on Thursday.
The income tax department on Thursday said it has issued refunds of over Rs 1.54 lakh crore to more than 1.59 crore taxpayers so far this fiscal.
Income tax refunds of over Rs 1.44 lakh crore have been issued to 1.38 crore taxpayers so far this fiscal, the I-T department said
The last date for filing ITR for last financial year has been extended till September 30, 2021, from July 31 to give taxpayers compliance relief during the pandemic.
The total refunds issued in 2019-20 were worth Rs 1.83 trillion
Of this, personal income tax refunds of Rs 71,865 crore have been issued to over 1.99 crore taxpayers and corporate tax refunds of over Rs 1.28 lakh crore have been issued in 2.20 lakh cases
Refunds have been issued to over 19.3 million taxpayers so far this fiscal
The Income Tax department on Wednesday said it has issued over Rs 1.76 trillion worth refunds to over 1.65 crore taxpayers so far this fiscal.
He said the quick refund payment system is fully automated and transparent and the revenue department is monitoring the refund system every week
The Income Tax department has issued refunds worth over Rs 1.26 lakh crore to over 39 lakh taxpayers this fiscal so far.
Since August 13, all Income Tax returns picked up for scrutiny, except those relating to search and seizure and international tax, are being assessed under faceless assessment
This include personal income tax (PIT) refunds amounting to Rs 29,997 crore issued to 2.45 million taxpayers
The Income Tax department on Wednesday said it has issued refunds worth Rs 95,853 crore to over 25.55 lakh taxpayers in the current fiscal. This include personal income tax refunds amounting to Rs 29,361 crore issued to 23.91 lakh taxpayers and corporate tax refunds amounting to Rs 66,493 crore to over 1.63 lakh taxpayers during this period. "CBDT issues refunds of over Rs 95,853 crore to more than 25.55 lakh taxpayers between 1st April, 2020 to 25th August, 2020. Income tax refunds of Rs 29,361 crore have been issued in 23,91,517 cases & corporate tax refunds of Rs 66,493 crore have been issued in 1,63,272 cases," the I-T department tweeted. The government has emphasised on providing tax-related services to taxpayers without any hassles during COVID-19 pandemic and to that end has been clearing up pending tax refunds.
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