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<h1>CBDT Expedites Over 10.2 Lakh Tax Refunds Worth Rs. 4,250 Crore Amid COVID-19; Urges Prompt Taxpayer Responses.</h1> The Central Board of Direct Taxes (CBDT) has issued over 10.2 lakh income tax refunds amounting to Rs. 4,250 crore as of April 14, 2020, to assist taxpayers during the COVID-19 pandemic. This initiative follows a government decision to expedite refunds up to Rs. 5 lakh. An additional 1.75 lakh refunds are being processed, with funds expected in taxpayers' bank accounts within 5-7 business days. Approximately 1.74 lakh cases require taxpayer responses to reconcile outstanding tax demands. The CBDT urges taxpayers to promptly respond to emails to facilitate refund processing and clarifies that these communications are standard procedure.
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