Refunds value over Rs 1.86 lakh crore have been issued to greater than 2.14 crore taxpayers throughout the present monetary 12 months, the Earnings Tax division stated on Thursday. This consists of refunds of Rs 67,442 crore in 2,11,76,025 circumstances beneath the non-public earnings tax class and company tax refunds of Rs 1,19,235 crore in 2,31,654 circumstances, the division stated in a sequence of tweets.
“CBDT points refunds of over Rs 1,86,677 crore to greater than 2.14 crore taxpayers from 1st Apr, 2021 to 07th March, 2022,” it stated. “This consists of 1.74 crore refunds of AY (evaluation 12 months) 2021-22 amounting to Rs 35,296.86 crore,” it stated.
The Central Board of Direct Taxes (CBDT) is the policy-making physique for the I-T division.
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