Income tax department issued refund of Rs 1.01 lakh crore to 27.55 lakh taxpayers

The Central Board of Direct Taxes (CBDT) issued a tweet saying, “CBDT has issued a refund of Rs 1,01,308 crore to 27.55 lakh taxpayers between April 1 and September 8, 2020.

The Income Tax Department said on Wednesday that it has issued refunds of Rs 1.01 lakh crore to 27.55 lakh taxpayers between April 1 and September 8, 2020. This amount includes a personal income tax refund of Rs 30,768 crore to 25.83 lakh taxpayers, while a company tax refund of Rs 70,540 crore to 1.71 lakh taxpayers has been made during this period.

The Central Board of Direct Taxes (CBDT) issued a tweet saying, “CBDT has issued a refund of Rs 1,01,308 crore to 27.55 lakh taxpayers between April 1 and September 8, 2020.

In this, an income tax refund of Rs 30,768 crore was issued in 25,83,507 cases while a corporate tax refund of Rs 70,540 crore was issued in 1,71,155 cases. Tax related services should be made available with ease of hassle. Under these efforts, pending tax refunds are being issued to all.