<h1>CBDT Issues Rs. 71,229 Crore Refunds to Over 21.24 Lakh Taxpayers Amid COVID-19 for Liquidity Boost by July 2020.</h1> The Central Board of Direct Taxes (CBDT) has issued refunds totaling Rs. 71,229 crore to over 21.24 lakh taxpayers by July 11, 2020, to provide liquidity during the COVID-19 pandemic. This includes Rs. 24,603 crore in income tax refunds for 19.79 lakh cases and Rs. 46,626 crore in corporate tax refunds for 1.45 lakh cases. The government emphasizes efficient tax services and aims to resolve pending tax demands and refunds by August 31, 2020. Taxpayers are encouraged to promptly respond to the Income Tax Department's emails to expedite refund processing, with all refunds being deposited directly into bank accounts.